Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Remitly Global Inc’s current trading price is -47.48% away from its 52-week high, while its distance from the 52-week low is 7.94%. The stock’s price range during this period has varied between $13.60 and $27.95. The company, active in the Technology sector, saw a trading volume of around 2.35 million for the day, considerably higher average daily volume of 1.44 million observed over the last three months.
Remitly Global Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $27.95 on 10/19/23, while the lowest price during the same period was $13.60 on 05/02/24.
How Financial Performance Impacts Market Capitalization
Remitly Global Inc (RELY) has experienced a quarterly decline of -18.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.83B and boasts a workforce of 2700 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.78, with a change in price of -4.46. Similarly, Remitly Global Inc recorded 1,480,449 in trading volume during the last 100 days, posting a change of -23.30%.
How RELY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RELY stands at 0.30. Similarly, the long-term debt-to-equity ratio is also 0.28.
RELY Stock Stochastic Average
As of today, the raw stochastic average of Remitly Global Inc over the last 50 days is at 13.19%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 18.12%. Further, the company’s Stochastic %K and %D values for the last 20 days were 19.80% and 20.88%, respectively.
RELY Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -24.41%. However, over the past six months, we’ve seen a stronger performance of -29.36%. The price of RELY leaped by -27.51% over the last 30 days. And in the last five days, it has fallen by -4.68%.
