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 $19.35, down 2.86% from the previous day, and has increased 54.18% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.97 percentage points. Remitly Global stock is currently +66.81% from its 52-week low of $11.60, and -29.17% from its 52-week high of $27.32.
There are currently 203.86M RELY shares outstanding. The market capitalization of RELY is $3.94B. In the past 24 hours, 3.42M 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.
- Enter your personal info to open your new trading account.
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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 5.45x, relative to Software - Infrastructure industry P/B ratio of 11.94x
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.
- RELY's operating cash flow of $384.20M allows it to safely service it's debt of $21.25M.
- RELY profit margin has gone up from -11% to -0.3% in the past year.
- There are more short-term assets than long-term liabilities on the RELY balance sheet.
Negative Financial Indicators:
- RELY earnings of $8.54M is not enough to cover its interest payments.
- RELY has a relatively high debt to equity ratio of 0.52.
Is RELY stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who give recommendations on RELY, the consensus analyst rating on Remitly Global is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent RELY Analyst Recommendations
Tien-tsin Huang, a top 25% analyst from JP Morgan maintains RELY with a strong buy rating and raises their RELY price target from $21.00 to $30.00, on Feb 20, 2025.
JP Morgan's Tien-tsin Huang raised their price target on Remitly Global (NASDAQ: RELY) by 42.9% from $21 to $30 on 2025/02/20. The analyst maintained their Strong Buy rating on the stock.
Remitly Global reported its Q4 and FY 2024 earnings.
Huang highlighted that the results were "strong" and that management raised its guidance from its preliminary outlook last quarter.
The analyst told investors to expect Remitly Global to be a "top Fintech grower" in 2025 and predicted that management's guidance could prove conservative.
Rufus Hone, a top 11% 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 19% 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 projecting on the Remitly Global stock forecast page.
Metrics for Advanced RELY Traders
Is RELY Making Money?
Last year, RELY revenue was $1.36B. In the last three year, RELY's revenue has gone up by 119.2% per year. This was faster than the Software - Infrastructure industry average of 17.21%.
Dive into RELY's earnings and revenue performance here.
Are RELY insiders buying or selling the stock?
In the last year, executives and large shareholders at RELY have sold more shares than they have bought.
Saema Somalya, CLCAO of RELY, was the latest RELY insider to sell. They sold $367,070.74 worth of RELY shares on Jun 11, 2025.
Dig into more about who owns RELY shares here.
Can I get consistent income from RELY stock?
No, Remitly Global doesn't provide an income stream by paying out dividends.
What do other investors have to say about RELY?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your RELY purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you want additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your RELY investment
Now that you own some RELY stock, you'll want to keep up with your investment.
Add RELY to a watchlist to get notified of important updates regarding your RELY stock.
RELY Feed
How to Buy Stock in Remitly Global
To summarize, here are the 6 steps to buy stock in Remitly Global:
- 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 are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Remitly Global, get started below.
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