Is Remitly Global Stock a Good Investment?
Remitly Global Investment Advice | RELY |
- Examine Remitly Global's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Remitly Global's leadership team and their track record. Good management can help Remitly Global navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Transaction & Payment Processing Services space and any emerging trends that could impact Remitly Global's business and its evolving consumer preferences.
- Compare Remitly Global's performance and market position to its competitors. Analyze how Remitly Global is positioned in terms of product offerings, innovation, and market share.
- Check if Remitly Global pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Remitly Global's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Remitly Global stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Remitly Global is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Remitly Global Stock
Researching Remitly Global's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 82.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 0.35. Remitly Global had not issued any dividends in recent years.
To determine if Remitly Global is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Remitly Global's research are outlined below:
| The company reported the previous year's revenue of 944.28 M. Net Loss for the year was (117.84 M) with profit before overhead, payroll, taxes, and interest of 326.63 M. | |
| Remitly Global currently holds about 429.71 M in cash with (53.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.56. | |
| Remitly Global has a poor financial position based on the latest SEC disclosures | |
| Over 82.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Remitly globals chief product and tech officer sells 22,796 in stock |
Remitly Global Quarterly Accounts Payable |
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Remitly Global uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Remitly Global. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Remitly Global's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Remitly Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Remitly Global's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-10-31 | 2024-09-30 | 0.1246 | 0.1067 | -0.0179 | 14 | ||
2023-05-03 | 2023-03-31 | -0.18 | -0.16 | 0.02 | 11 | ||
2022-05-05 | 2022-03-31 | -0.12 | -0.14 | -0.02 | 16 | ||
2024-07-31 | 2024-06-30 | -0.09 | -0.06 | 0.03 | 33 | ||
2024-05-01 | 2024-03-31 | -0.14 | -0.11 | 0.03 | 21 | ||
2023-02-22 | 2022-12-31 | -0.14 | -0.11 | 0.03 | 21 | ||
2023-11-01 | 2023-09-30 | -0.16 | -0.2 | -0.04 | 25 | ||
2023-08-02 | 2023-06-30 | -0.16 | -0.11 | 0.05 | 31 |
Know Remitly Global's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Remitly Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Remitly Global backward and forwards among themselves. Remitly Global's institutional investor refers to the entity that pools money to purchase Remitly Global's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-09-30 | 3.6 M | Geode Capital Management, Llc | 2024-09-30 | 3.5 M | State Street Corp | 2024-06-30 | 3.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.1 M | Principal Financial Group Inc | 2024-09-30 | 2 M | Norges Bank | 2024-06-30 | 1.9 M | Goldman Sachs Group Inc | 2024-06-30 | 1.4 M | Adage Capital Partners Gp Llc | 2024-06-30 | 1.3 M | Northern Trust Corp | 2024-09-30 | 1.3 M | Naspers Ltd | 2024-09-30 | 37.3 M | Vanguard Group Inc | 2024-09-30 | 14.3 M |
Remitly Global's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.17 B.Market Cap |
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Remitly Global's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.12) | (0.13) | |
| Return On Capital Employed | (0.17) | (0.18) | |
| Return On Assets | (0.11) | (0.12) | |
| Return On Equity | (0.22) | (0.21) |
Determining Remitly Global's profitability involves analyzing its financial statements and using various financial metrics to determine if Remitly Global is a good buy. For example, gross profit margin measures Remitly Global's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Remitly Global's profitability and make more informed investment decisions.
Remitly Global's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Remitly Global's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Remitly Global. Check Remitly Global's Beneish M Score to see the likelihood of Remitly Global's management manipulating its earnings.
Evaluate Remitly Global's management efficiency
Remitly Global has return on total asset (ROA) of (0.0451) % which means that it has lost $0.0451 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1146) %, meaning that it created substantial loss on money invested by shareholders. Remitly Global's management efficiency ratios could be used to measure how well Remitly Global manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.13 in 2024. Return On Capital Employed is likely to drop to -0.18 in 2024. At this time, Remitly Global's Total Current Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 7.4 M in 2024, whereas Total Assets are likely to drop slightly above 984.5 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.93 | 3.40 | |
| Tangible Book Value Per Share | 2.53 | 2.95 | |
| Enterprise Value Over EBITDA | (35.03) | (33.27) | |
| Price Book Value Ratio | 6.63 | 6.30 | |
| Enterprise Value Multiple | (35.03) | (33.27) | |
| Price Fair Value | 6.63 | 6.30 | |
| Enterprise Value | 3.3 B | 4.8 B |
The decision-making processes within Remitly Global are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Beta 0.026 |
Basic technical analysis of Remitly Stock
As of the 25th of November, Remitly Global holds the Semi Deviation of 0.8285, risk adjusted performance of 0.1909, and Coefficient Of Variation of 417.7. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Remitly Global, as well as the relationship between them.Remitly Global's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Remitly Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on Remitly Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Remitly Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Remitly Global's Outstanding Corporate Bonds
Remitly Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Remitly Global uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Remitly bonds can be classified according to their maturity, which is the date when Remitly Global has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US75968NAD30 Corp BondUS75968NAD30 | View | |
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| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Remitly Global's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Remitly Global's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1909 | |||
| Market Risk Adjusted Performance | 2.04 | |||
| Mean Deviation | 1.84 | |||
| Semi Deviation | 0.8285 | |||
| Downside Deviation | 1.34 | |||
| Coefficient Of Variation | 417.7 | |||
| Standard Deviation | 2.84 | |||
| Variance | 8.08 | |||
| Information Ratio | 0.1934 | |||
| Jensen Alpha | 0.6307 | |||
| Total Risk Alpha | 0.2229 | |||
| Sortino Ratio | 0.4101 | |||
| Treynor Ratio | 2.03 | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 4.1 | |||
| Downside Variance | 1.8 | |||
| Semi Variance | 0.6864 | |||
| Expected Short fall | (2.52) | |||
| Skewness | 3.54 | |||
| Kurtosis | 19.69 |
| Risk Adjusted Performance | 0.1909 | |||
| Market Risk Adjusted Performance | 2.04 | |||
| Mean Deviation | 1.84 | |||
| Semi Deviation | 0.8285 | |||
| Downside Deviation | 1.34 | |||
| Coefficient Of Variation | 417.7 | |||
| Standard Deviation | 2.84 | |||
| Variance | 8.08 | |||
| Information Ratio | 0.1934 | |||
| Jensen Alpha | 0.6307 | |||
| Total Risk Alpha | 0.2229 | |||
| Sortino Ratio | 0.4101 | |||
| Treynor Ratio | 2.03 | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 4.1 | |||
| Downside Variance | 1.8 | |||
| Semi Variance | 0.6864 | |||
| Expected Short fall | (2.52) | |||
| Skewness | 3.54 | |||
| Kurtosis | 19.69 |
Consider Remitly Global's intraday indicators
Remitly Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Remitly Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Remitly Global Corporate Filings
F4 | 22nd of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 8th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 30th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 27th of August 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Remitly Stock media impact
Far too much social signal, news, headlines, and media speculation about Remitly Global that are available to investors today. That information is available publicly through Remitly media outlets and privately through word of mouth or via Remitly internal channels. However, regardless of the origin, that massive amount of Remitly data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Remitly Global news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Remitly Global relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Remitly Global's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Remitly Global alpha.
Remitly Global Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Remitly Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Remitly Global Historical Investor Sentiment
Investor biases related to Remitly Global's public news can be used to forecast risks associated with an investment in Remitly. The trend in average sentiment can be used to explain how an investor holding Remitly can time the market purely based on public headlines and social activities around Remitly Global. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Remitly Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Remitly Global and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Remitly Global news discussions. The higher the estimate score, the more favorable the investor's outlook on Remitly Global.
Remitly Global Corporate Management
| Joshua Hug | COO CoFounder | Profile | |
| Stephen Shulstein | Vice Relations | Profile | |
| Ankur Sinha | Chief Officer | Profile | |
| Robert Kaskel | Chief Officer | Profile | |
| Vanessa Bicomong | Marketing Region | Profile | |
| Rene Yoakum | Executive Culture | Profile | |
| Rina Hahn | Chief Officer | Profile |
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.