Remitly Global, Inc. Common Stock
RELYRemitly Global, Inc. (RELY) is a digital financial services company that specializes in cross-border money transfers. Founded in 2011, it provides a platform that enables immigrants and overseas workers to send remittances efficiently and cost-effectively to their families and loved ones in various countries around the world. The company's services focus on leveraging technology to offer transparent, affordable, and convenient remittance options.
Company News
Remitly Global experienced a 16% stock decline in November due to slowing revenue growth, concerns about credit risk, and underwhelming fourth-quarter guidance, despite strong third-quarter performance with 21% customer growth and 35% send volume increase.
Remitly Global introduces Remitly One, an all-in-one financial membership service designed to help customers manage money across borders, offering features like flexible funding, digital wallet, debit card, and planned future credit services.
Remitly Global (NASDAQ:RELY) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indiffe...
Remitly Global (RELY) delivered earnings and revenue surprises of 21.43% and 1.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
