With 1.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.72 million shares. The 52-week range on RELY shows that it touched its highest point at $27.32 and its lowest point at $11.60 during that stretch. It currently has a 1-year price target of $29.70. Beta for the stock currently stands at 0.07.
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 -7.99%, but this was up by 2.94% over a month. Three-month performance surged to 15.28% while six-month performance rose 73.00%. The stock gained 12.77% in the past year, while it has gained 5.63% so far this year. A look at the trailing 12-month EPS for RELY yields -0.19 with Next year EPS estimates of 1.19. For the next quarter, that number is 0.17. This implies an EPS growth rate of 45.15% for this year and 38.09% for next year. EPS is expected to grow by 35.58% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.42%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RELY since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.53264 being high and $0.46872 being low. For RELY, this leads to a yearly average estimate of $0.51133. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is $0.2. The average estimate for the next quarter is thus $0.21.
