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. Most recently, Yahoo Finance reported about the stock as it publicized that Remitly Announces Upcoming Investor Conference Participation.
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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. At the end of the last regular session, the stock closed at $20.70 and fluctuated between $21.00 as its day high and $20.52 as its day low. The current market capitalization of Remitly Global Inc is $3.90B. A total of 1.18 million shares were traded on the day, compared to an average of 1.60M shares.
In the most recent transaction, Sharma Pankaj sold 2,000 shares of RELY for 20.34 per share on Mar 05 ’24. After the transaction, the Chief Business Officer now owns 124,019 company shares. In a previous transaction on Feb 29 ’24, Munipalli Hemanth sold 6,164 shares at 20.64 per share. RELY shares that Chief Financial Officer owns now total 144,329.
Among the insiders who sold shares, Yoakum Rene disposed of 15,000 shares on Feb 15 ’24 at a per-share price of $18.37. This resulted in the EVP, Customer and Culture holding 59,928 shares of RELY after the transaction. In another insider transaction, Oppenheimer Matthew B. sold 10,416 shares at $17.92 per share on Feb 06 ’24. Company shares held by the Chief Executive Officer now total 4,698,853.
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 $27.95 and a low of $14.50.
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
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 $2.81, 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 4.40.
