Remitly Global Inc (RELY) Is Not Likely To Be The Same Tomorrow

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 $3.93B. A total of 1.56 million shares were traded on the day, compared to an average of 1.76M shares.

In the most recent transaction, Matthew B. Oppenheimer bought 116,672 shares of RELY for 20.25 per share on Nov 13 ’24. In a previous transaction on Nov 11 ’24, Yoakum Rene sold 14,557 shares at 20.00 per share. RELY shares that EVP, Customer and Culture owns now total 122,522.

Among the insiders who sold shares, Sharma Pankaj disposed of 4,000 shares on Nov 06 ’24 at a per-share price of $20.00. This resulted in the Chief Business Officer holding 151,576 shares of RELY after the transaction. In another insider transaction, Yoakum Rene sold 28,133 shares at $20.01 per share on Nov 06 ’24. Company shares held by the EVP, Customer and Culture now total 122,522.

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 $23.01 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 $3.19, 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 4.64.

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