Remitly Global, Inc. (RELY)

Market Cap	3.42B
Revenue (ttm)	944.29M
Net Income (ttm)	-117.84M
Shares Out	188.51M
EPS (ttm)	-0.65
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	595,776
Open	17.74
Previous Close	17.77
Day's Range	17.60 - 18.24
52-Week Range	15.83 - 27.95
Beta	0.16
Analysts	Buy
Price Target	26.90 (+48.29%)
Earnings Date	May 1, 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 11 analysts, the average rating for RELY stock is "Buy." The 12-month stock price forecast is $26.9, which is an increase of 48.29% from the latest price.

Price Target

$26.9

(48.29% upside)

Analyst Consensus: Buy