Money Transfer Provider Is Again Impressing Funds

Blockhead01-02

Remitly Global (RELY) is not among the top five stocks in its industry group, and more funds shed the stock throughout 2024. Yet, the payment services provider is among the best stocks to watch, with ...

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Yet, the payment services provider is among the best stocks to watch, with ...</p>\n\n<a href=\"https://www.investors.com/research/remitly-stock-best-stocks-to-watch/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RELY","symbol_name":"Remitly Global, Inc.","start_time":0,"source_url":"https://www.investors.com/research/remitly-stock-best-stocks-to-watch/","article_id":"2500976434","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2018/12/Stock-PaymentElectronic-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500976434","pubTimestamp":1735832836,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Remitly has an A Accumulation/Distribution Rating and up/down volume ratio of 1.7.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RELY":"Remitly Global, Inc.","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务"},"translate_title":"汇款提供商再次给资金留下深刻印象","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RELY":1},"content_text":"Remitly Global (RELY) is not among the top five stocks in its industry group, and more funds shed the stock throughout 2024. Yet, the payment services provider is among the best stocks to watch, with its chart one of the best in the group.\nThe company is today's selection for IBD 50 Stocks To Watch, with the stock close to forming a three-weeks-tight pattern with a 23.11 buy point. The pattern acts a resting place after shares ran up more than 50% from a cup-with-handle breakout in late October. A move above 23.11 would signal an opportunity for those who already own Remitly to add shares, or for others to make an initial purchase.\n\n\n\n↑\nX\n\n\n\n\nThis Formula Can Help Protect Hard-Earned Gains And Give Winners Room To Run\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThis Formula Can Help Protect Hard-Earned Gains And Give Winners Room To Run\n\n\n\n\nIBD MarketSurge shows the number of funds holding Remitly dwindled from 398 at the end of last March to 383 in June, 328 in September and 311 in December. But that trend could be reversing, based on more current fund data.\nRemitly has an A Accumulation/Distribution Rating and up/down volume ratio of 1.7. Both are bullish gauges of institutional-caliber buying in the past few months. No doubt, the stock's November rally drew fund managers back.\nBest Stocks To Watch: Remitly Raises Forecast\nThe breakout occurred after Remitly blew past analysts' estimates with a 39% jump in revenue for the third quarter and posted a non-GAAP profit of 20 cents a share, according to FactSet. The strong performance led management to raise its 2024 revenue and adjusted EBITDA forecast. Shares shot up 18% after the Oct. 30 report.\nThe Seattle-based company posted losses for much of 2022 and struggled to be profitable in 2023. Quarterly revenue growth, however, ranged from 31% to 50% since 2022, FactSet data shows.\nAnalysts' consensus estimate is for a 56% increase in 2025 earnings per share and 24% increase in 2025 revenue.\nRemitly specializes in helping people — many of them immigrants — send money abroad. It serves more than 7 million active customers, with more than $50 billion in transfers to some 170 countries.\nYOU MAY ALSO LIKE:\nThe Four Pillars Of The IBD Methodology\nRisk Management In The Stock Market: How Much Money To Invest\nIBD Live: Learn And Analyze Growth Stocks With The Pros","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500976434"}