(RELY) Remitly Global - Ratings and Ratios

Remitly Global Inc (NASDAQ:RELY) is a digital financial services provider that enables cross-border remittances and offers complementary financial services through its mobile application and website, operating in the US, Canada, and internationally. With its headquarters in Seattle, Washington, the company has been a key player in the transaction and payment processing services industry since its incorporation in 2011.

As a leading provider of digital remittance services, Remitlys platform allows users to send money across borders quickly and securely. The companys focus on mobile and online services has enabled it to capitalize on the growing demand for digital financial services. With a strong presence in the US and international markets, Remitly is well-positioned to continue its growth trajectory.

From a technical analysis perspective, RELYs stock price is currently at $21.54, with key support and resistance levels indicating potential price movements. The stocks short-term moving averages (SMA20: $22.29, SMA50: $21.12) suggest a relatively stable trend, while the longer-term SMA200 ($19.74) indicates a positive upward trajectory. Given the current ATR (0.79 = 3.67%), we can expect some volatility in the stock price.

Using both technical and fundamental data, we can forecast that RELYs stock price may experience a moderate increase in the short term, potentially reaching $23.50, as it approaches the resistance level of $23.5. However, the lack of a P/E ratio and a negative RoE (-0.70) indicate that the companys financial performance is still in a growth phase, and investors should be cautious. With a market capitalization of $4.39B, RELY has a significant presence in the market, and its growth prospects are promising. As the company continues to expand its services and improve its financial performance, we can expect the stock price to reflect this growth, potentially reaching $27.00 in the long term, near its 52-week high.