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Analysis
Remitly Global, Inc. (RELY)
Remitly Global, Inc. (RELY)
Ranking:
Buy
Implies positive momentum
Stock Name: Remitly Global, Inc.
Symbol: RELY
Market Cap: $3.89B
Industry: Software - Infrastructure
Sector: Technology
Website: https://www.remitly.com/us/en
About Remitly Global, Inc.

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington. Please visit their website for more information.

Overview:
Last Close: $19.64
52 Week: $11.61-$22.31
MVA50: 16.05
MVA200: 15.74
RSI: 78.17
Buy/Sell*: 69.53
1-Month change: 33.86%
3-Month change: 33.40%
*Proprietary Buy Sell Volume Indicator
Price Chart For RELY
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $337M
Revenue Growth (YOY): 39.27%
Profit (% of Rev): 65.66%
Income (% of Rev): 0.57%
Income Growth (YOY): -105.38%
Operating Income: $0M
Operating Cash Flow: $147M
Operating Cash Flow Growth (YoY): 353.73%
Annual Dividend Yield: 0.00%
Total Assets: $970M
Total Liabilities: $340M
Cash & Equivalent: $324M
Total Debt: $14M
Debt/Equity: 0.01
Quick Ratio: 2.66
Current Ratio: 2.66
Price/Book: 4.16
Price/Earnings: 342.55
EBITDA: $6M
EPS: 0.0098
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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