Remitly Global Inc

Company Profile

Remitly Global Inc had its IPO on 2021-09-23 under the ticker symbol RELY.

The company operates in the Technology sector and Software-Infrastructure industry. Remitly Global Inc has a staff strength of 2,700 employees.

Stock update

Shares of Remitly Global Inc opened at $25.36 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $25.18 - $25.78, and closed at $25.39.

This is a +0.28% increase from the previous day's closing price.

A total volume of 1,820,600 shares were traded at the close of the day’s session.

In the last one week, shares of Remitly Global Inc have increased by +0.04%.

Remitly Global Inc's Key Ratios

Remitly Global Inc has a market cap of $4.60 billion, indicating a price to book ratio of 3.8048 and a price to sales ratio of 2.7693.

In the last 12-months Remitly Global Inc’s revenue was $798.19 million with a gross profit of $326.63 million and an EBITDA of $-94912000. The EBITDA ratio measures Remitly Global Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Remitly Global Inc’s operating margin was -12.51% while its return on assets stood at -8.25% with a return of equity of -20.27%.

In Q2, Remitly Global Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 48.8%.

Remitly Global Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.59 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Remitly Global Inc’s profitability.

Remitly Global Inc stock is trading at a EV to sales ratio of 2.3559 and a EV to EBITDA ratio of -13.7601. Its price to sales ratio in the trailing 12-months stood at 2.7693.

Remitly Global Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$784.53 million

Total Liabilities

$226.66 million

Operating Cash Flow

$0

Capital Expenditure

$1.75 million

Dividend Payout Ratio

0%

Remitly Global Inc ended 2024 with $784.53 million in total assets and $0 in total liabilities. Its intangible assets were valued at $784.53 million while shareholder equity stood at $515.74 million.

Remitly Global Inc ended 2024 with $0 in deferred long-term liabilities, $226.66 million in other current liabilities, 18000.00 in common stock, $-420627000.00 in retained earnings and $54.94 million in goodwill. Its cash balance stood at $227.51 million and cash and short-term investments were $227.51 million. The company’s total short-term debt was $8,069,000 while long-term debt stood at $34.00 million.

Remitly Global Inc’s total current assets stands at $679.17 million while long-term investments were $0 and short-term investments were $138.87 million. Its net receivables were $138.87 million compared to accounts payable of $17.61 million and inventory worth $281.94 million.

In 2024, Remitly Global Inc's operating cash flow was $0 while its capital expenditure stood at $1.75 million.

Comparatively, Remitly Global Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$25.39

52-Week High

$25.8

52-Week Low

$8.94

Analyst Target Price

$26.86

Remitly Global Inc stock is currently trading at $25.39 per share. It touched a 52-week high of $25.8 and a 52-week low of $25.8. Analysts tracking the stock have a 12-month average target price of $26.86.

Its 50-day moving average was $21.87 and 200-day moving average was $16.64 The short ratio stood at 1.34 indicating a short percent outstanding of 0%.

Around 717.3% of the company’s stock are held by insiders while 7178.6% are held by institutions.