Why Remitly Global Stock Was Sliding Today [Yahoo! Finance]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: Yahoo! Finance
As a result, the stock was down 11.4% as of 2:29 p.m. ET. Remitly comes up short on the top line Remitly delivered solid results in the quarter, but the company is still unprofitable and valued as a growth stock. That means that it's likely to get punished if it comes up short on the top line, and that's exactly what happened today. Revenue in the quarter rose 32% to $269.1 million, but that was a bit shy of the consensus of $274 million. Active customers rose 36% to 6.2 million, and send volume jumped 34% to $11.5 billion. The company also made progress on the cost side as it controlled spending on a number of line items, including transaction expenses, customer support, and general and administrative expenses. On the bottom line, it showed improvement, as adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) rose from $5.4 million to $19.3 million. On a generally accepted accounting principles ( GAAP ) basis, its loss per share narrowed from $0
Show less
Read more
Impact Snapshot
Event Time:
RELY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RELY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RELY alerts
High impacting Remitly Global, Inc. news events
Weekly update
A roundup of the hottest topics
RELY
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELYPR Newswire
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the FirmAccesswire
- Remitly Global, Inc. (RELY) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Remitly Announces May 2024 Investor Conference ParticipationGlobeNewswire
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the FirmAccesswire
RELY
Earnings
- 5/1/24 - Beat
RELY
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- 5/13/24 - Form 8-K
- RELY's page on the SEC website