After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Remitly Announces Upcoming Investor Conference Participation.
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Stocks Info
The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. The current market capitalization of Remitly Global Inc is $4.04B. A total of 1.35 million shares were traded on the day, compared to an average of 1.42M shares.
In the most recent transaction, Hug Joshua sold 20,000 shares of RELY for 20.56 per share on Mar 20 ’24. After the transaction, the Chief Operating Officer now owns 3,993,631 company shares. In a previous transaction on Mar 19 ’24, Hug Joshua sold 41,716 shares at 20.00 per share. RELY shares that Chief Operating Officer owns now total 4,013,631.
Among the insiders who sold shares, Yoakum Rene disposed of 15,000 shares on Mar 15 ’24 at a per-share price of $20.08. This resulted in the EVP, Customer and Culture holding 81,137 shares of RELY after the transaction. In another insider transaction, Oppenheimer Matthew B. sold 10,416 shares at $20.63 per share on Mar 13 ’24. Company shares held by the Chief Executive Officer now total 4,678,021.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, RELY has a high of $27.95 and a low of $15.83.
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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
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. 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.
