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RELY
$22.79+0.90 (+4.11%)
Market ClosedLast close May 1
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Historical Price
Price (Candle)
50-Day SMA
200-Day SMA
Whystock Brain
The Narrative
Remitly Global, Inc. in the Technology sector is trading at $22.79. The stock is currently near its 52-week high of $24.70, remaining 42.3% above its 200-day moving average. Technical signals show overbought RSI of 93 and bullish MACD crossover, explaining why RELY maintains its current momentum and trend strength. The Whystock Score of 35/100 signals elevated caution as indicators diverge.
Ecosystem Influences
Overbought levels (RSI 93) — risk of consolidation or pullback
Long-term trend bullish (Price vs 200-day SMA)
Macro-economic sensitivity to interest rate and inflation shifts
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Peer Comparison
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Whystock Valuation Model
Whystock fair value is estimated using a trailing P/E model adjusted for return on equity: Fair P/E = 18 + (ROE × 20). Fair Value = (Current Price ÷ Trailing P/E) × Fair P/E. A base P/E of 18 represents a typical market multiple, scaled upward for companies that earn high returns on equity. The result is a theoretical "normalised" price — not a price target or investment advice. Large deviations are common for high-growth or loss-making companies.
Current Price$22.79
Potential Downside
72.9%
Whystock Fair Value$6.18
Price
UndervaluedFair ValueOvervalued
Simplified model based on P/E and ROE. Not a substitute for full valuation analysis. Data may be delayed. See our Terms.
Fundamentals
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile appl...
Market Cap
Total dollar market value of a company's outstanding shares of stock (Price * Shares).
$4.41B
P/E Ratio
Priced for growth. Investors expect sustained double-digit expansion.
67.55
Beta
Defensive asset. Lower volatility than the S&P 500.
0.09
Div Yield
Low to zero yield. Return is entirely dependent on price appreciation.
0.00%
ROE
Average efficiency. Growth may require heavy reinvestment.
1.62%
Volume
Today's trading volume
2.91M
Recent News
Why Remitly Global Rebounded 39.7% in April
The company is integrating with AI providers while investors realize it is not at risk from stablecoins or immigration crackdowns.
This Venerable Stock Pays a 10% Dividend Yield. Why It Looks Like a Trap.
The dividend isn’t under immediate threat, but Western Union may not be able to sustain it in the long run, given the range of headwinds its business faces.
Remitly Exec Sells $650K in Shares Amid Record Profitability, but Here's What Investors Should Actually Be Watching
This global remittance platform, focused on migrant customers, reported a notable insider sale as direct holdings continued to decline.
1 Unpopular Stock That Deserves Some Love and 2 Facing Headwinds
Wall Street has issued downbeat forecasts for the stocks in this article. These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Is Remitly (RELY) Embedding Transfers in ChatGPT a Turning Point for AI-Driven Customer Acquisition?
Earlier this month, Remitly Global launched an app within ChatGPT, becoming the first cross-border money transfer provider on the platform and allowing users in the US, Canada, and the UK to compare exchange rates and delivery options for select corridors without leaving ChatGPT. This move extends Remitly’s reach into a large, AI-driven user base and reflects its push to meet customers inside everyday conversational tools rather than standalone apps. We’ll now explore how embedding Remitly’s...