Remitly Global, Inc. (RELY)

Market Cap	2.40B
Revenue (ttm)	1.01B
Net Income (ttm)	-110.61M
Shares Out	192.48M
EPS (ttm)	-0.61
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,177,970
Open	12.13
Previous Close	12.07
Day's Range	12.05 - 12.48
52-Week Range	11.60 - 27.95
Beta	0.11
Analysts	Buy
Price Target	24.22 (+94.54%)
Earnings Date	Jul 31, 2024

About RELY

Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Sep 23, 2021
• Employees: 2,700
• Stock Exchange: NASDAQ
• Ticker Symbol: RELY

Financial Performance

In 2023, Remitly Global's revenue was $944.29 million, an increase of 44.48% compared to the previous year's $653.56 million. Losses were -$117.84 million, 3.35% more than in 2022.

Analyst Forecast

According to 10 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $24.22, which is an increase of 94.54% from the latest price.

Price Target

$24.22

(94.54% upside)

Analyst Consensus: Buy