Remitly Global Inc (NASDAQ:RELY) shares, rose in value, with the stock price down by -2.06% to the previous day’s close as strong demand from buyers drove the stock to $18.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.47, falling within a range of $18.01 and $18.4. The value of beta (5-year monthly) is 0.182. Referring to stock’s 52-week performance, its high was $27.32, and the low was $12.33. On the whole, RELY has fluctuated by -10.93% over the past month.
With the market capitalization of Remitly Global Inc currently standing at about $3.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.58B, with a low estimate of 383.7M and a high estimate of 389.56M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 385.21M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RELY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RELY currently trading nearly -6.06% and -13.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.70, while the 7-day volatility ratio is showing 2.74% which for the 30-day chart, stands at 3.73%. Furthermore, Remitly Global Inc (RELY)’s beta value is 0.13.
A comparison of Remitly Global Inc (RELY) with its peers suggests the former has fared considerably weaker in the market. RELY showed an intraday change of -2.06% in today’s session so far, and over the past year, it shrunk by -19.85%%.
Data on historical trading for Remitly Global Inc (NASDAQ:RELY) indicates that the trading volumes over the past 10 days have averaged 3.26 and over the past 3 months, they’ve averaged 3.00 million. According to company’s latest data on outstanding shares, there are 203.83 million shares outstanding.
Nearly 19.74% of Remitly Global Inc’s shares belong to company insiders and institutional investors own 64.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.32 million shares as on 2025-06-13, resulting in a short ratio of 3.46. According to the data, the short interest in Remitly Global Inc (RELY) stood at 664.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 8.54 million. The stock has risen by 42.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RELY stock heading into the next quarter.
