Fintech company Remitly Global priced its initial public offering, selling 7 million shares at $43 each, above the $38 to $42 proposed price range. The offering raised $301 million for the company and gives it a $6.9 billion valuation.
Shares debuted on the Nasdaq Thursday at $52.90.
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| Latest market close | $19.83 |
|---|---|
| 52-week range | $11.60 - $22.49 |
| 50-day moving average | $14.86 |
| 200-day moving average | $15.75 |
| Wall St. target price | $23.22 |
| PE ratio | N/A |
| Dividend yield | N/A |
| Earnings per share (TTM) | $-0.35 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $19.83 from 2024-11-14
| 1 week (2024-11-08) | 1.69% |
|---|---|
| 1 month (2024-10-16) | 41.44% |
| 3 months (2024-08-16) | 36.95% |
| 6 months (2024-05-16) | 39.65% |
| 1 year (2023-11-16) | -8.95% |
|---|---|
| 2 years (2022-11-16) | 93.84% |
| 3 years (2021-11-16) | 28.36 |
| 5 years (2019-11-12) | N/A |
| Revenue TTM | $1.2 billion |
|---|---|
| Operating margin TTM | 0.11% |
| Gross profit TTM | $326.6 million |
| Return on assets TTM | -4.51% |
| Return on equity TTM | -11.46% |
| Profit margin | -5.63% |
| Book value | $3.19 |
| Market Capitalization | $4 billion |
TTM: trailing 12 months
We're not expecting Remitly Global to pay a dividend over the next 12 months.
You may also wish to consider:
Over the last 12 months, Remitly Global's shares have ranged in value from as little as $11.6 up to $22.49. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Remitly Global's is 0.026. This would suggest that Remitly Global's shares are less volatile than average (for this exchange).
To put Remitly Global's beta into context you can compare it against those of similar companies.
Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington. .
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