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 $18.60, up 0.05% from the previous day, and has increased 3.39% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.08 percentage points. Remitly Global stock is currently +17.5% from its 52-week low of $15.83, and -33.45% from its 52-week high of $27.95.
As of Apr 18, 2024, there are 188.51M shares of RELY outstanding. The market value of RELY is $3.51B. In the past 24 hours, 663,990 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 choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Remitly Global stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment 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 research tools can help you figure out 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 buy RELY shares at a given price.
- Track your RELY investment: Create a watchlist to the latest updates on 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 shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you can invest in RELY stock today.
How to Set Up a New 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.
- Provide your personal data to create a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on one of the best stock trading apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing money into your new 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 research their stock before you invest, so you actually understand the risk and opportunity.
Overview of key RELY info
Remitly Global Zen Score
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on RELY's stock page.
What is the fair value of RELY stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RELY's fair value.
Using relative valuations metrics:
- RELY may be undervalued based on its P/B ratio of 6.62x, relative to Software - Infrastructure industry P/B ratio of 11.64x
You can access more valuation analysis on RELY's stock here.
How do RELY Financials look?
Positive Financial Indicators:
- RELY has cash burn of 62694000. It has enough cash and short-term investments to cover this for at least one year.
- RELY has $323.71M in cash and short term investments. This is enough to cover its annual cash burn of $62.69M.
- RELY profit margin has gone up from -17.4% to -12.5% in the past year.
- There are more short-term assets than short-term liabilities on the RELY balance sheet.
- 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 0.96.
Is it a good time to buy RELY stock, according to Wall Street analysts?
Out of 6 Equities analysts who give recommendations on RELY, the consensus analyst rating on RELY is a 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
Will Nance, a bottom 1% analyst from Goldman Sachs maintains RELY with a strong buy rating and lowers their RELY price target from $29.00 to $25.00, on Jan 11, 2024.
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 $944.29M. During the last 4 year, RELY's revenue has gone up by 65.27% per year. This was faster than the Software - Infrastructure industry average of 17.02%.
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.
Rene Yoakum, EVP Customer and Culture of RELY, was the latest RELY insider to sell. They sold $280,125.00 worth of RELY shares on Apr 15, 2024.
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
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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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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