Remitly Global Inc is a digital financial services company that specializes in providing international money transfer services, enabling users to send money across borders quickly and securely. Leveraging technology, Remitly offers a user-friendly platform that allows customers to transfer funds via mobile apps and online services, catering primarily to immigrants and diaspora communities. In addition to money transfers, the company provides currency exchange and payment solutions, focusing on enhancing the user experience through transparency, speed, and reliability while meeting the needs of diverse customers globally. Read More
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer internet industry, including Remitly (NASDAQ:RELY) and its peers.
Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. The new habits they’re cultivating are also unlocking the next leg of growth for the industry,
which has gained 7.8% over the past six months.
Investing here would have been wise - at the same time, the S&P 500 was flat.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Spruce Point Capital Management announces a new short position against Remitly Global as the short seller believes there's reason to be skeptical of the company's financial reporting and valuation.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
SEATTLE, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences:
Online money transfer platform Remitly (NASDAQ:RELY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 32.9% year on year to $351.9 million. The company expects next quarter’s revenue to be around $346.5 million, close to analysts’ estimates. Its GAAP loss of $0.03 per share was 67.6% above analysts’ consensus estimates.
SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below.
Investors are keeping a close eye on REMITLY GLOBAL INC (NASDAQ:RELY) as it boasts an impressive technical rating of 9 out of 10, signaling a possible breakout.
The past six months have been a windfall for Remitly’s shareholders. The company’s 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.
