Remitly/RELY

$19.00

3.26%
-
1D1W1MYTD1YMAX

About Remitly

Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized 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 data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.

Ticker

RELY

Sector

Industrials

Trading on

NASDAQ

Industry

Consumer Financial Services

CEO

Matthew Oppenheimer

Employees

2,700

Headquarters

Seattle, United States

Remitly Metrics

BasicAdvanced
$3.49B
Market cap
-
P/E ratio
-$0.65
EPS
-
Beta
-
Dividend rate
$3.49B
$27.95
$15.83
1.29M
2.541
24.559
25.028
-13.61%
-23.35%
-20.38%
3.695
6.589
7.622
44.48%
4.5%
54.32%

What the Analysts think about Remitly

Analyst Ratings

Majority rating from 11 analysts.
Buy

Price Targets

Average projection from 9 analysts.
47.95% upside
High $34.00
Low $19.00
$19.00
Current price
$28.11
Average price target

Remitly Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-13.22% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$264.7M
9.56%
Net income
$-35M
-1.69%
Profit margin
-13.22%
-10.25%

Remitly Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 2.56%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
-$0.16
-$0.11
-$0.20
-$0.19
-
Expected
-$0.18
-$0.17
-$0.16
-$0.20
-$0.14
Surprise
-11.11%
-33.33%
25%
-2.56%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Remitly stock?

Remitly (RELY) has a market cap of $3.49B as of April 23, 2024.

What is the P/E ratio for Remitly stock?

The price to earnings (P/E) ratio for Remitly (RELY) stock is 0 as of April 23, 2024.

Does Remitly stock pay dividends?

No, Remitly (RELY) stock does not pay dividends to its shareholders as of April 23, 2024.

When is the next Remitly dividend payment date?

Remitly (RELY) stock does not pay dividends to its shareholders.

What is the beta indicator for Remitly?

Remitly (RELY) does not currently have a Beta indicator.

What is the Remitly stock price target?

The target price for Remitly (RELY) stock is $28.11, which is 47.95% above the current price of $19. This is an average based on projections from 9 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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