Remitly Stock Surges 79.3% in Six Months, Hits New 52-Week High

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Summary · why it matters

Remitly's stock price has jumped 79.3% over the past six months, reaching a new 52-week high of $24.44 per share. The company's active customers grew at an annual rate of 28.4% over the last two years, among the fastest in consumer internet. Remitly's full-year earnings per share turned positive over the last three years, and its free cash flow margin expanded by 35.2 percentage points, reaching 14.6% for the trailing 12 months. The stock now trades at 11.7 times forward enterprise value to EBITDA.

Impact on assets 2

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Remitly Global Inc
RELY
▲ PositiveDemandrelevance

Active customers grew 28.4% annually, driving revenue and stock surge

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