Remitly Global Inc (RELY): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Remitly Global Inc is $3.74B. A total of 2.51 million shares were traded on the day, compared to an average of 1.52M shares.

In the most recent transaction, Oppenheimer Matthew B. sold 40,119 shares of RELY for 14.22 per share on Oct 17 ’24. After the transaction, the Chief Executive Officer now owns 4,542,613 company shares. In a previous transaction on Oct 18 ’24, Oppenheimer Matthew B. sold 10,416 shares at 14.97 per share. RELY shares that Chief Executive Officer owns now total 4,532,197.

Among the insiders who sold shares, Hug Joshua disposed of 22,018 shares on Aug 29 ’24 at a per-share price of $13.71. This resulted in the Vice Chair holding 3,873,811 shares of RELY after the transaction. In another insider transaction, JOSHUA DAVID HUG bought 22,018 shares at $13.41 per share on Aug 29 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RELY has a high of $23.01 and a low of $11.60.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $3.19, while its Total Shareholder’s Equity was $480.33M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.64.

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