What Are The Chances Of Remitly Global Inc (NASDAQ: RELY) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, RELY falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Remitly Global Inc is $4.24B. A total of 1.34 million shares were traded on the day, compared to an average of 1.88M shares.

In the most recent transaction, Hug Joshua sold 22,198 shares of RELY for 20.62 per share on Nov 26 ’24. After the transaction, the Vice Chair now owns 3,873,811 company shares. In a previous transaction on Nov 25 ’24, Sharma Pankaj sold 2,000 shares at 21.04 per share. RELY shares that Chief Business Officer owns now total 166,556.

Among the insiders who sold shares, Sinha Ankur disposed of 9,500 shares on Nov 25 ’24 at a per-share price of $20.54. This resulted in the Chief Product and Tech Officer holding 357,071 shares of RELY after the transaction. In another insider transaction, JOSHUA DAVID HUG bought 22,198 shares at $20.52 per share on Nov 26 ’24.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RELY has a high of $22.08 and a low of $11.60.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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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