Remitly Global Stock Today
| RELY Stock | USD 20.68 0.22 1.08% |
Performance18 of 100
| Odds Of DistressLess than 6
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Remitly Global is trading at 20.68 as of the 21st of November 2024; that is 1.08 percent increase since the beginning of the trading day. The stock's open price was 20.46. Remitly Global has only a 6 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Remitly Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of August 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 23rd of September 2021 | Category Technology | Classification Financials |
Remitly Global, Inc. provides digital financial services for immigrants and their families. The company was incorporated in 2011 and is headquartered in Seattle, Washington. Remitly Global operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 198.06 M outstanding shares of which 10.51 M shares are at this time shorted by private and institutional investors with about 5.86 trading days to cover. More on Remitly Global
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Remitly Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Thematic Idea | Aggressive Defence (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Transaction & Payment Processing Services, Software - Infrastructure, Financials, NASDAQ Composite, NASDAQ Composite Total, Aggressive Defence, Financials, Financial Services, Software—Infrastructure, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsRemitly Global can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Remitly Global's financial leverage. It provides some insight into what part of Remitly Global's total assets is financed by creditors.
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Remitly Global (RELY) is traded on NASDAQ Exchange in USA. It is located in 111 Third Avenue, Seattle, WA, United States, 98101 and employs 2,700 people. Remitly Global is listed under Transaction & Payment Processing Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.05 B. Remitly Global conducts business under Financial Services sector and is part of Financials industry. The entity has 198.06 M outstanding shares of which 10.51 M shares are at this time shorted by private and institutional investors with about 5.86 trading days to cover.
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.
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Ownership AllocationRemitly Global owns a total of 198.06 Million outstanding shares. The majority of Remitly Global outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Remitly Global to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Remitly Global. Please pay attention to any change in the institutional holdings of Remitly Global as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Remitly Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-06-30 | 3.4 M | |
| State Street Corp | 2024-06-30 | 3.1 M | |
| Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 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 | |
| Kodai Capital Management Lp | 2024-06-30 | 1.7 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 1.4 M | |
| Adage Capital Partners Gp Llc | 2024-06-30 | 1.3 M | |
| Naspers Ltd | 2024-06-30 | 37.3 M | |
| Vanguard Group Inc | 2024-09-30 | 14.3 M |
Remitly Global Historical Income Statement
Remitly Stock Against Markets
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.