RELY Stock Summary and Trading Ideas (Remitly Global | NASDAQ:RELY)

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Remitly Global trades on the NASDAQ stock market under the symbol RELY.

As of May 27, 2026, RELY stock price declined to $20.12 with 2,575,295 million shares trading.

RELY has a beta of 2.19, meaning it tends to be more sensitive to market movements. RELY has a correlation of 0.21 to the broad based SPY ETF.

RELY has a market cap of $4.23 billion. This is considered a Mid Cap stock.

Last quarter Remitly Global reported $453 million in Revenue and $.23 earnings per share. This beat revenue expectation by $14 million and missed earnings estimates by -$.03.

In the last 3 years, RELY traded as high as $27.95 and as low as $11.60.

The top ETF exchange traded funds that RELY belongs to (by Net Assets): VTI, VB, IWM, VBK, VXF.

RELY has underperformed the market in the last year with a price return of -9.9% while the SPY ETF gained +30.9%. However, in the short term, RELY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.5% vs +9.1% return in SPY. But in the last 2 weeks, RELY shares have been beat by the market, returning -15.7% compared to an SPY return of +1.7%.

RELY support price is $19.81 and resistance is $20.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RELY shares will trade within this expected range on the day.