With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. The 52-week range on RELY shows that it touched its highest point at $27.95 and its lowest point at $14.50 during that stretch. It currently has a 1-year price target of $28.25. Beta for the stock currently stands at 0.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RELY was down-trending over the past week, with a drop of -0.96%, but this was up by 11.98% over a month. Three-month performance surged to 5.79% while six-month performance fell -18.63%. The stock gained 36.37% in the past year, while it has gained 6.39% so far this year. A look at the trailing 12-month EPS for RELY yields -0.65 with Next year EPS estimates of 0.81. For the next quarter, that number is 0.05. This implies an EPS growth rate of 290.04% for this year and 93.25% for next year.
Float and Shares Shorts:
At present, 188.44 million RELY shares are outstanding with a float of 135.00 million shares on hand for trading. On Feb 29, 2024, short shares totaled 6.23 million, which was 3.30% higher than short shares on Jan 31, 2024. In addition to RILY as the firm’s B. Riley Financial, Inc., RELY serves as its Remitly Global, Inc.
Institutional Ownership:
Through their ownership of 78.31% of RELY’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RELY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Dividends & Yield:
In terms of dividends, RELY has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and RELY currently yields $0.00. In the past year, RELY’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, RELY has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.
