Remitly (RELY) Stock Price
$21.02 0.3%
to add to portfolio
AI Score
-
Alternative
6 -
Fundamental
8 -
Technical
6
Our AI score evaluates a company's performance on a scale from 0 to 10 by analyzing alternative data points — web traffic, app downloads, job postings, etc - along with financial health and technical signals. Scores below 4 project bearish performance, while scores above 6 project bullish performance.
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RELY AI Stock Analysis
Financial Performance
Remitly's financial performance shows a positive trend with revenue of $336.5M, marking an increase by 9.8% from the previous quarter and up by 27.1% YoY. The gross profit is also on the rise at $221M, up by 26.9% QoQ and up by 25.8% YoY. The operating income profit saw a substantial growth of over 100%, both QoQ and YoY, standing currently at $368K which indicates a strong operational efficiency.
Stock Price
The stock price currently stands at $25.52 showing an upward trend with an increase of around 11% in the last month and about a solid jump of 41% YoY, indicating investors' confidence in the company's stocks. The RSI value being above average at around 78 suggests that it might be slightly overbought while its PE ratio being negative indicates that the company is not profitable yet.
Alternative Data Signals
The web traffic has seen an uptick recently (17% MoM) but has decreased compared to last year (-31%). App downloads have significantly increased both MoM (4351%) and YoY (4886%), suggesting widespread usage and popularity among users which could translate into higher revenues in future periods.
The number of job openings are increasing albeit slightly (up by nearly 6%) while employee business outlook remains positive for most employees (63%).
Social media followership across all platforms -- Twitter, Instagram, Facebook -- is growing steadily which signifies successful marketing efforts.
Conclusion
Taking into account Remitly's increasing revenue trends, rising gross profit, and strong operational income growth along with the positive alternative data signals like growing app downloads and social media followership, the overall outlook for Remitly's stock appears bullish.
Note: This AI Stock Analysis is based on data as of February 07. Our members can refresh and get access to an up-to-date AI stock analysis.
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Remitly (RELY) Price Prediction
Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Remitly (RELY), currently trading at $21.02, will... Sign up to access price prediction.
Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.
About RELY
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Remitly Global, Inc.
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Symbol
RELY
-
Market
NASDAQ
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Industry
Software - Infrastructure
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Market Cap
4.2B
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News
RELY Alternative Data
Web Traffic
Remitly receives an estimated 6.4M monthly visitors to remitly.com.
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Web Traffic
6449104
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Change from Previous Month
5.1%
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3 Month Change
7.6%
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YoY Change
7.6%
News Mentions
Remitly was mentioned 0 times in the news yesterday.
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News Mentions
0
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Daily Change
100%
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1 Month Change
100%
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3 Month Change
100%
Reddit Mentions
Remitly has been mentioned an estimated 0 times in investment subreddits on Reddit over the last 24 hours.
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Reddit Mentions
0
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Daily Change
0%
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1 Month Change
0%
Twitter Followers
Remitly has 14,549 Twitter Followers on its main Twitter (also known as X) account, which is up by 0.3% over the last month.
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Twitter Followers
14549
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Daily Change
0%
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1 Month Change
0.3%
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3 Month Change
0.6%
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YoY Change
0.6%
Facebook Engagement
Remitly has engaged 31,153 users via their Facebook Page over the last 7 days.
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Facebook Engagement
31153
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Daily Change
0.1%
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1 Month Change
37%
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3 Month Change
67.1%
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YoY Change
67.1%
Instagram Followers
Remitly has 58,314 Instagram Followers on its main Instagram account, up by 3.4% over the last month.
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Instagram Followers
58314
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Daily Change
0.1%
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1 Month Change
3.4%
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3 Month Change
6.1%
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YoY Change
6.1%
Youtube Subscribers
Remitly has 44,400 subscribers on its main Youtube channel, up by 0.2% over the last month.
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Youtube Subscribers
44400
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Daily Change
0%
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1 Month Change
0.2%
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3 Month Change
0.7%
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YoY Change
0.7%
LinkedIn Followers
63,429 are following Remitly on LinkedIn, up by 2.5% over the last month.
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LinkedIn Followers
63429
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Daily Change
0.1%
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1 Month Change
2.5%
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3 Month Change
6.5%
App Downloads
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App Downloads
1039348
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Daily Change
3.3%
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1 Month Change
35%
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3 Month Change
12.6%
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YoY Change
12.6%
Job Postings
Remitly currenly has an estimated 104 open job postings, up by 4% over the last month.
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Job Postings
104
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Daily Change
1.9%
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1 Month Change
4%
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3 Month Change
6.1%
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YoY Change
6.1%
LinkedIn Employees
According to LinkedIn, Remitly has 3,016 employees, up by 0.7% over the last month.
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LinkedIn Employees
3016
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Daily Change
0%
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1 Month Change
0.7%
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3 Month Change
2%
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YoY Change
2%
Business Outlook
According to employee reviews, the business outlook among employees at Remitly is 63 out of 100 (bullish).
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Business Outlook
63
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Change from Previous Month
1.6%
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3 Month Change
0%
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YoY Change
0%
RELY Financials
RELY Key Metrics
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Total Revenue
$351.9M
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Net Income
-$5.7M
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Earnings per Share
-$0.0288
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Free cash flow
$50.4M
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EBITDA
$1.6M
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EBITDA Ratio
0.00467753
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Total Assets
$1B
RELY 2-year Revenue & Income
RELY 2-year Free Cash Flow
RELY Technicals
RELY SMA
RELY RSI
FAQ
What's the current price of Remitly (RELY) Stock?
The price of an Remitly (RELY) share is $21.02.
What's the market cap of Remitly?
The current market cap of Remitly is 4.2B.
Should I buy or sell RELY?
Multiple alternative data signals suggest that Remitly stock could offer a buying opportunity at its current level, with a reasonable expectation for positive performance in the mid term.
Is Remitly a good investment?
Based on an in-depth analysis that encompasses fundamentals, technical analysis, and alternative data insights, it appears to be a favorable time to consider investing in Remitly stock. The bullish indicators suggest that Remitly's growth prospects and market position may lead to a positive performance in the foreseeable future.
Is now a good time to buy Remitly (RELY) Stock?
Based on an analysis that includes fundamentals, technical analysis, and alternative data insights, it could be a favorable time to consider buying Remitly stock, given the bullish outlook.
What are some stocks similar to Remitly (RELY) that investors often compare it to?
Remitly (RELY) is often compared to similar stocks such as Microsoft, Akamai Technologies, Adobe, Palo Alto Networks and VeriSign.
What is the forecast for Remitly's stock price in 2026?
Using a mix of financial analysis, technical indicators, and alternative data, we forecast Remitly's stock price to be around $22.79 in 2026. Starting from the current price of $21.02, this represents a 8.4% change in price, indicating a bullish outlook for the stock.
How to buy Remitly (RELY) Stock?
Remitly stock is available for purchase through numerous brokerage firms, including online platforms. Investors can also buy Remitly shares via trading apps on their smartphones or by utilizing services like robo-advisors for automated investing.