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. Yahoo Finance discussed the stock recently as it posted Remitly Announces Upcoming Investor Conference Participation.
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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 $3.91B. A total of 3.05 million shares were traded on the day, compared to an average of 1.54M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RELY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 31 SELLs from insiders. Insiders purchased 2,547,252 shares during that period but sold 1,806,189.
In the most recent transaction, Yoakum Rene sold 15,000 shares of RELY for 18.37 per share on Feb 15. After the transaction, the EVP, Customer and Culture now owns 59,928 company shares. In a previous transaction on Feb 06, Oppenheimer Matthew B. sold 10,416 shares at 17.92 per share. RELY shares that Chief Executive Officer owns now total 4,698,853.
Among the insiders who sold shares, Oppenheimer Matthew B. disposed of 10,416 shares on Feb 05 at a per-share price of $18.03. This resulted in the Chief Executive Officer holding 4,709,269 shares of RELY after the transaction. In another insider transaction, Oppenheimer Matthew B. sold 10,416 shares at $16.36 per share on Jan 24. Company shares held by the Chief Executive Officer now total 4,719,685.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RELY in the last 3 months, the mean price target is $28.25 with high estimates of $34.00 and low estimates of $19.00. In terms of 52-week highs and lows, RELY has a high of $27.95 and a low of $12.77.
As of this writing, RELY has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.2 in the last quarter, which was -25.00% lower than expectations of -$0.16.
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 $2.81, 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 4.40.
