The market performance of Remitly Global Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $23.01 on 11/15/23, while the lowest value for the same duration was $11.60 on 06/20/24.
52-week price history of RELY Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Remitly Global Inc’s current trading price is -14.86% away from its 52-week high, while its distance from the 52-week low is 68.88%. The stock’s price range during the 52-week period has remained between $11.60 and $23.01. In the Technology sector, the company’s shares saw a trading volume of around 5.28 million for the day, which was evidently higher than the average daily volume of 1.64 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 rise of 41.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.88B 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 14.08, with a change in price of +7.51. Similarly, Remitly Global Inc recorded 1,907,739 in trading volume during the last 100 days, posting a change of +62.17%.
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 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
RELY Stock Stochastic Average
Remitly Global Inc’s raw stochastic average for the past 50 days is presently 93.48%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 92.06%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.79% and 92.94%, 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. Year to date metric has recorded a gain of 0.88%.However, over the last six months, we can see a weaker performance of 37.57%. Over the last 30 days, the price of RELY has fallen by 44.47%. And in the last five days, it has surged by 1.19%.
