(RELY) Remitly Global - Ratings and Ratios

Remitly Global, Inc. (NASDAQ:RELY) is a leading digital financial services provider specializing in cross-border remittances and complementary financial solutions. The company serves a diverse customer base across the United States, Canada, and international markets through its mobile app and website. Founded in 2011 and headquartered in Seattle, Washington, Remitly has established itself as a key player in the digital remittance space, offering real-time tracking, competitive exchange rates, and user-friendly interfaces. The platform also provides additional financial services, including debit cards and credit solutions, aimed at underserved populations. Remitlys mission focuses on financial inclusion and empowerment, leveraging technology to simplify and enhance cross-border financial transactions. Web URL: https://www.remitly.com/us/en

Ticker Symbol: RELY
Exchange: NASDAQ
Type: common stock
Country Origin: United States
GICS Sub Industry: Transaction & Payment Processing Services

Based on the provided data, here is a 3-month forecast for Remitly Global, Inc. (NASDAQ:RELY):

3-Month Forecast:
Short-term (20-day) momentum is neutral, with the stock trading near its SMA20 (19.98) and slightly above its SMA50 (21.42). The SMA200 (18.53) suggests the stock is above its long-term trend. ATR (0.90) indicates moderate volatility. Expect price action to remain range-bound between 18.50 and 22.50, with potential upside if the stock breaks above its SMA50 resistance level.

Fundamental outlook remains mixed. The companys high P/S ratio (3.20) reflects its growth potential, while the negative RoE (-5.56) raises concerns about profitability. The high P/B ratio (6.09) indicates investor confidence in its long-term prospects. Over the next three months, expect moderate performance, with upside potential if the company demonstrates improved profitability and continued revenue growth.