How to Buy Remitly Global Stock
Remitly Global Inc
Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries.
Remitly Global stock last closed at $20.22, down 0.93% from the previous day, and has increased 13.4% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.72 percentage points. Remitly Global stock is currently +74.31% from its 52-week low of $11.60, and -25.99% from its 52-week high of $27.32.
There are currently 200.61M RELY shares outstanding. The market capitalization of RELY is $4.06B. In the past 24 hours, 2.81M RELY shares were traded.
How to Buy Remitly Global Stock
Not sure how to invest in Remitly Global stock? Here's how.
- Figure out where to buy Remitly Global stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Remitly Global stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your payment method and add your info.
- Research Remitly Global stock: The Remitly Global ticker symbol is RELY. Is Remitly Global stock a good investment? Should you buy shares of RELY? How do RELY's underlying business fundamentals look? Do top analysts think Remitly Global is a good buy? Why has RELY's stock price moved recently? (Hint: Our stock market research website can help you decide if RELY is a good stock to buy).
- Place your RELY purchase: Decide if you will purchase RELY shares at the current market price or use a limit order to purchase RELY shares at a given price.
- Track your RELY investment: Create a watchlist to track your investment in Remitly Global stock.
Step 1: Figure out where to buy Remitly Global stock
You need a brokerage account to access the NASDAQ market and buy RELY stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to buy RELY stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you've filled out your info on the best stock trading app for beginners, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of depositing money into your brokerage account.
Step 4: Research Remitly Global stock
Once you have figured out the best place to buy Remitly Global stock, it's very important to analyze their stock before you invest, so you can comprehend the risk and upside.
Overview of key RELY info
Fundamentals of Remitly Global
WallStreetZen was designed to help everyday investors perform better fundamental analysis.
You can view all of the due diligence checks on RELY's stock page.
How is RELY stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RELY's intrinsic value.
Using relative valuations methods:
- RELY could be undervalued based on its P/B ratio of 6.1x, relative to Software - Infrastructure industry P/B ratio of 10x
You can do additional valuation research on RELY's stock here.
RELY Financials at a glance
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the RELY balance sheet.
- Total RELY debt is lower than 5 years ago, relative to shareholder equity.
- RELY's operating cash flow of $194.49M allows it to safely service it's debt of $16.29M.
- RELY profit margin has gone up from -12.5% to -2.9% in the past year.
- There are more short-term assets than long-term liabilities on the RELY balance sheet.
Negative Financial Indicators:
- RELY has a relatively high debt to equity ratio of 0.52.
- RELY earnings of -$27.01M is not enough to cover its interest payments.
Is it a good time to buy RELY stock, according to Wall Street analysts?
Out of 7 Equities analysts who give recommendations on RELY, the consensus analyst rating on RELY is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent RELY Analyst Forecasts
Rufus Hone, a top 9% analyst from BMO Capital maintains RELY with a buy rating and raises their RELY price target from $27.00 to $32.00, on Feb 20, 2025.
Andrew Bauch, a top 21% analyst from Wells Fargo maintains RELY with a hold rating and raises their RELY price target from $21.00 to $25.00, on Feb 20, 2025.
You can dig deeper into what analysts are forecasting on the Remitly Global stock forecast page.
RELY Technicals
How is RELY performing as a company?
Last year, RELY revenue was $1.26B. During the last 5 year, RELY's revenue has gone up by 58.45% per year. This was faster than the Software - Infrastructure industry average of 17.58%.
Learn more about RELY's earnings and revenue performance here.
Are RELY insiders buying or selling the stock?
Over the last year, executives and large shareholders at RELY have sold more shares than they have bought.
Joshua Hug, Vice Chair of RELY, was the latest RELY insider to sell. They sold $192,300.00 worth of RELY shares on Apr 21, 2025.
Get more info about who owns RELY shares here.
Can I rely on RELY as an income stream?
No, Remitly Global doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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Step 5: Place your RELY purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Click the Open Trade button and eToro will place the order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Track your RELY investment
Now that you own some RELY stock, you'll want to keep up with your new company.
Put RELY on a watchlist to see the latest developments about your RELY stock.
RELY Feed
How to Buy Stock in Remitly Global
To summarize, here are the 6 steps for buying Remitly Global stock:
- Figure out where to buy Remitly Global stock
- Open a brokerage account
- Fund your investment account
- Research Remitly Global stock
- Place your RELY purchase
- Track your RELY investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Remitly Global, create a watchlist on WallStreetZen today.
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