Remitly Global Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 63/156 in the Professional & Commercial Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 21.73.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Remitly Global Inc's Score
Industry at a Glance
Industry Ranking
63 / 156
Overall Ranking
167 / 4560
Industry
Professional & Commercial Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
8
analysts
Buy
Current Rating
21.733
Target Price
+60.86%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Remitly Global Inc Highlights
StrengthsRisks
Remitly Global, Inc. is a provider of digital financial services that transcend borders, in over 170 countries around the world. Its cross-border payments app helps customers with a fast, reliable, and transparent money movement experience. The Company’s technology platform is purpose-built to localize consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and a data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. The Company's global network of funding and disbursement partnerships enables it to complete money transfers in over 5,100 corridors without the need to deploy local operations in each country.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 93.40% year-on-year.
Overvalued
The company’s latest PE is 134.73, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 184.02M shares, increasing 4.81% quarter-over-quarter.
Remitly Global, Inc. is a provider of digital financial services that transcend borders, in over 170 countries around the world. Its cross-border payments app helps customers with a fast, reliable, and transparent money movement experience. The Company’s technology platform is purpose-built to localize consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and a data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. The Company's global network of funding and disbursement partnerships enables it to complete money transfers in over 5,100 corridors without the need to deploy local operations in each country.
Ticker SymbolRELY
CompanyRemitly Global Inc
CEOOppenheimer (Matthew)
Websitehttps://www.remitly.com/
FAQs
What is the current price of Remitly Global Inc (RELY)?
The current price of Remitly Global Inc (RELY) is 13.800.
What is the symbol of Remitly Global Inc?
The ticker symbol of Remitly Global Inc is RELY.
What is the 52-week high of Remitly Global Inc?
The 52-week high of Remitly Global Inc is 27.320.
What is the 52-week low of Remitly Global Inc?
The 52-week low of Remitly Global Inc is 12.080.
What is the market capitalization of Remitly Global Inc?
The market capitalization of Remitly Global Inc is 2.89B.
What is the net income of Remitly Global Inc?
The net income of Remitly Global Inc is -36.98M.
Is Remitly Global Inc (RELY) currently rated as Buy, Hold, or Sell?
According to analysts, Remitly Global Inc (RELY) has an overall rating of Buy, with a price target of 21.733.
What is the Earnings Per Share (EPS TTM) of Remitly Global Inc (RELY)?
The Earnings Per Share (EPS TTM) of Remitly Global Inc (RELY) is 0.102.