The Question Is Whether To Buy Or Not To Buy Remitly Global Inc (NASDAQ: RELY)

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.

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Stocks Info

Remitly Global Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Remitly Global Inc is $2.60B. A total of 2.57 million shares were traded on the day, compared to an average of 1.59M shares.

In the most recent transaction, Hug Joshua sold 26,239 shares of RELY for 13.23 per share on May 29 ’24. After the transaction, the Vice Chair now owns 3,873,631 company shares. In a previous transaction on May 15 ’24, Yoakum Rene sold 15,000 shares at 14.24 per share. RELY shares that EVP, Customer and Culture owns now total 81,137.

Among the insiders who sold shares, Oppenheimer Matthew B. disposed of 10,416 shares on May 14 ’24 at a per-share price of $14.24. This resulted in the Chief Executive Officer holding 4,636,357 shares of RELY after the transaction. In another insider transaction, Oppenheimer Matthew B. sold 10,416 shares at $14.32 per share on May 13 ’24. Company shares held by the Chief Executive Officer now total 4,646,773.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RELY has a high of $27.95 and a low of $12.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $2.86, while its Total Shareholder’s Equity was $480.33M.

Analysts Opinion

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. 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 4.45.

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