Make Sure You Stick With Remitly Global Inc (RELY). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Remitly Global Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Remitly Global Inc is $2.83B. A total of 0.96 million shares were traded on the day, compared to an average of 2.09M shares.

In the most recent transaction, Hug Joshua sold 26,239 shares of RELY for 13.23 per share on May 29 ’24. After the transaction, the Vice Chair now owns 3,873,631 company shares. In a previous transaction on May 15 ’24, Yoakum Rene sold 15,000 shares at 14.24 per share. RELY shares that EVP, Customer and Culture owns now total 81,137.

Among the insiders who sold shares, Oppenheimer Matthew B. disposed of 10,416 shares on May 13 ’24 at a per-share price of $14.32. This resulted in the Chief Executive Officer holding 4,646,773 shares of RELY after the transaction. In another insider transaction, Oppenheimer Matthew B. sold 10,416 shares at $14.24 per share on May 14 ’24. Company shares held by the Chief Executive Officer now total 4,636,357.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RELY has a high of $27.95 and a low of $11.60.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RELY’s latest balance sheet shows that the firm has $403.26M in Cash & Short Term Investments as of fiscal 2021. There were $6.15M in debt and $141.62M in liabilities at the time. Its Book Value Per Share was $2.97, while its Total Shareholder’s Equity was $480.33M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RELY is Buy with a score of 4.45.

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