Three Reasons We Are Fans of Remitly
| RELY Stock | USD 23.21 0.04 0.17% |
Slightly above 51% of Remitly Global's investors are presently thinking to get in. The analysis of overall sentiment of trading Remitly Global stock suggests that some investors are interested at this time. Remitly Global's investing sentiment can be driven by a variety of factors including economic data, Remitly Global's earnings reports, geopolitical events, and overall market trends.
Remitly |
The past six months have been a windfall for Remitlys shareholders. The companys stock price has jumped 81.3, hitting 22.99 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
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Remitly Global Fundamental Analysis
We analyze Remitly Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Remitly Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Remitly Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Remitly Global is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Remitly Global Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Remitly Global stock to make a market-neutral strategy. Peer analysis of Remitly Global could also be used in its relative valuation, which is a method of valuing Remitly Global by comparing valuation metrics with similar companies.
Peers
Remitly Global Related Equities
| GB | Global Blue | 2.98 | ||||
| SPSC | SPS Commerce | 0.27 | ||||
| SCWX | Secureworks Corp | 0.00 | ||||
| IIIV | I3 Verticals | 0.08 | ||||
| EVTC | Evertec | 0.12 | ||||
| CCCS | CCC Intelligent | 0.70 | ||||
| FLYW | Flywire Corp | 1.08 | ||||
| CSGS | CSG Systems | 1.64 | ||||
| BASE | Couchbase | 2.76 | ||||
| ACIW | ACI Worldwide | 3.07 | ||||
| CCSI | Consensus Cloud | 3.10 | ||||
| EVCM | EverCommerce | 3.32 | ||||
| VRNT | Verint Systems | 3.88 |
Additional Tools for Remitly Stock Analysis
When running Remitly Global's price analysis, check to measure Remitly Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.