Remitly Global, Inc. (RELY)
| Previous close | 21.08 |
| Open | 20.84 |
| Bid | 20.18 x 800 |
| Ask | 20.20 x 2200 |
| Day's range | 19.91 - 21.06 |
| 52-week range | 8.94 - 27.95 |
| Volume | |
| Avg. volume | 1,667,258 |
| Market cap | 3.736B |
| Beta (5Y monthly) | 0.10 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.57 |
| Earnings date | 22 Feb 2024 - 26 Feb 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 30.00 |
Simply Wall St.Institutional investors in Remitly Global, Inc. (NASDAQ:RELY) see US$143m decrease in market cap last week, although long-term gains have benefitted them.
Key Insights Institutions' substantial holdings in Remitly Global implies that they have significant influence over the...
Motley FoolWhy Remitly Global Stock Lost 20% in November
Shares of Remitly Global (NASDAQ: RELY), the digital remittance payment specialist, were heading south in November as investors balked at its third-quarter earnings report, though the numbers were generally better than expected. Instead, investors seemed to believe that the stock had become overheated after earlier gains this year and that the third-quarter numbers didn't warrant such rapid appreciation. Remitly has positioned itself as a disruptor in the massive money transfer industry, taking market share away from incumbents like Western Union and Moneygram.
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