|Bid||20.18 x 800|
|Ask||20.20 x 2200|
|Day's range||19.91 - 21.06|
|52-week range||8.94 - 27.95|
|Beta (5Y monthly)||0.10|
|PE ratio (TTM)||N/A|
|Earnings date||22 Feb 2024 - 26 Feb 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.00|
Key Insights Institutions' substantial holdings in Remitly Global implies that they have significant influence over the...
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.
Fears of a stock market crash appear to have subsided over the last year. More recently, investors are increasing their bets that the Federal Reserve is done raising interest rates, with some predicting it could even start lowering them in the first half of 2024. A black swan event could sink markets overnight, and even more routine threats to investors typically begin unseen.