RELY Stock Overview
Provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Remitly Global, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.41 |
| 52 Week High | US$27.95 |
| 52 Week Low | US$11.60 |
| Beta | 0.094 |
| 11 Month Change | -1.32% |
| 3 Month Change | 2.68% |
| 1 Year Change | -45.99% |
| 33 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -72.32% |
Recent News & Updates
Recent updates
Fewer Investors Than Expected Jumping On Remitly Global, Inc. (NASDAQ:RELY)
Aug 28
Remitly Global: Solid Macro Tailwinds And Track Record Of Growth
Jun 28Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch
May 03Remitly: An Interesting Growth Play Is Awaiting Operating Leverage
Apr 22Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 24Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing
Feb 13Buy Remitly As Fears Around Marketing Spend Are Unfounded
Jan 30Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Nov 05We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23Remitly Global Grows Revenue But Operating Losses Worsen
Oct 08Remitly Global: Time To Get Upbeat
Aug 28Remitly Global acquires Israeli-based Rewire for $80M
Aug 16Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth
Jun 13Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report
May 08Shareholder Returns
| RELY | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | -5.8% | 2.1% | 0.6% |
| 1Y | -46.0% | 21.0% | 22.9% |
Return vs Industry: RELY underperformed the US Diversified Financial industry which returned 21% over the past year.
Return vs Market: RELY underperformed the US Market which returned 22.9% over the past year.
Price Volatility
| RELY volatility | |
|---|---|
| RELY Average Weekly Movement | 4.7% |
| Diversified Financial Industry Average Movement | 5.1% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 15.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: RELY has not had significant price volatility in the past 3 months.
Volatility Over Time: RELY's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 2,700 | Matt Oppenheimer | www.remitly.com/us/en |
Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.
Remitly Global, Inc. Fundamentals Summary
| RELY fundamental statistics | |
|---|---|
| Market cap | US$2.63b |
| Earnings (TTM) | -US$103.85m |
| Revenue (TTM) | US$1.08b |
2.4x
P/S Ratio-25.2x
P/E RatioIs RELY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RELY income statement (TTM) | |
|---|---|
| Revenue | US$1.08b |
| Cost of Revenue | US$453.00m |
| Gross Profit | US$628.93m |
| Other Expenses | US$732.78m |
| Earnings | -US$103.85m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.53 |
| Gross Margin | 58.13% |
| Net Profit Margin | -9.60% |
| Debt/Equity Ratio | 3.0% |
How did RELY perform over the long term?
See historical performance and comparison