Remitly Global Stock Price on May 1, 2024
| RELY Stock | USD 20.52 0.52 2.47% |
If you're considering investing in Remitly Stock, it is important to understand the factors that can impact its price. As of today, the current price of Remitly Global stands at 20.52, as last reported on the 25th of November, with the highest price reaching 21.29 and the lowest price hitting 20.39 during the day. Remitly Global appears to be very steady, given 3 months investment horizon. Remitly Global maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Remitly Global's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please evaluate Remitly Global's Semi Deviation of 0.8285, risk adjusted performance of 0.1909, and Coefficient Of Variation of 417.7 to confirm if our risk estimates are consistent with your expectations.
At this time, Remitly Global's Other Stockholder Equity is fairly stable compared to the past year. Stock Based Compensation is likely to rise to about 143.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 300.2 M in 2024. . Price Earnings To Growth Ratio is likely to rise to 7.09 in 2024, whereas Price To Sales Ratio is likely to drop 3.53 in 2024. Remitly Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Remitly |
Sharpe Ratio = 0.2413
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Estimated Market Risk
| 2.9 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Remitly Global is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Remitly Global by adding it to a well-diversified portfolio.
Price Book 6.606 | Enterprise Value Ebitda (33.69) | Price Sales 3.5411 | Shares Float 149.1 M | Wall Street Target Price 23.5556 |
Remitly Global Valuation on May 1, 2024
It is possible to determine the worth of Remitly Global on a given historical date. On May 1, 2024 Remitly was worth 17.55 at the beginning of the trading date compared to the closed value of 17.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Remitly Global stock. Still, in general, we apply an absolute valuation method to find Remitly Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Remitly Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Remitly Global's related companies.
| Open | High | Low | Close | Volume | |
| 17.86 | 17.94 | 17.62 | 17.83 | 1,429,467 | |
05/01/2024 | 17.55 | 17.78 | 17.02 | 17.54 | 2,983,470 |
| 14.00 | 16.16 | 13.60 | 15.40 | 7,457,981 |
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Remitly Global Trading Date Momentum on May 1, 2024
| On May 02 2024 Remitly Global was traded for 15.40 at the closing time. The top price for the day was 16.16 and the lowest listed price was 13.60 . The trading volume for the day was 7.5 M. The trading history from May 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 12.20% . The trading delta at closing time against the current closing price is 17.22% . |
Remitly Global Fundamentals Correlations and Trends
By evaluating Remitly Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Remitly Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Remitly financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Remitly Global Stock history
Remitly Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Remitly is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Remitly Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Remitly Global stock prices may prove useful in developing a viable investing in Remitly Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 180.8 M | 94.2 M | |
| Net Loss | -102.6 M | -97.5 M |
Remitly Global Quarterly Net Working Capital |
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Remitly Global Stock Technical Analysis
Remitly Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Remitly Global Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Remitly Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Remitly Global November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Remitly Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Remitly Global shares will generate the highest return on investment. By undertsting and applying Remitly Global stock market strength indicators, traders can identify Remitly Global entry and exit signals to maximize returns
Remitly Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Remitly Global's price direction in advance. Along with the technical and fundamental analysis of Remitly Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Remitly to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1909 | |||
| Jensen Alpha | 0.6307 | |||
| Total Risk Alpha | 0.2229 | |||
| Sortino Ratio | 0.4101 | |||
| Treynor Ratio | 2.03 |
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Additional Tools for Remitly Stock Analysis
When running Remitly Global's price analysis, check to measure Remitly Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.