Remitly Global Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $27.95 on 10/19/23, while the lowest price for the same duration was marked at $11.60 on 06/20/24.
52-week price history of RELY Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Remitly Global Inc’s current trading price is -52.95% away from its 52-week high, while its distance from the 52-week low is 13.36%. The stock’s price range during this period has spanned from $11.60 to $27.95. In the Technology sector, the Remitly Global Inc’s shares surpassed a trading volume of approximately 1.0 million for the day, which was noticeably lower compared to the average daily volume of 9.2.16 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Remitly Global Inc (RELY) has experienced a quarterly decline of -29.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.53B and boasts a workforce of 2700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.41, with a change in price of -7.88. Similarly, Remitly Global Inc recorded 1,772,637 in trading volume during the last 100 days, posting a change of -37.28%.
Examining RELY’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today’s raw stochastic average for Remitly Global Inc over the last 50 days is 42.89%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 73.45%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 81.42% and 87.62%, respectively.
RELY Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -32.29%. However, over the past six months, we’ve seen a stronger performance of -19.82%. The price of RELY fallen by 8.77% over the last 30 days. And in the last five days, it has surged by 1.39%.
