REMITLY GLOBAL is worth your attention at $10.35.

November 8, 2022

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Remitly is a digital remittance company that offers a safe, fast, and convenient way to send money to friends and family around the world. Remitly Global ($NASDAQ:RELY) is worth your attention at $10.35. The company has seen strong growth in recent years and is poised to continue this trend. The stock is currently undervalued and is a good investment for long-term growth.

Share Price

If you’re looking for a new stock to add to your portfolio, you may want to consider REMITLY GLOBAL. The stock is currently trading at $10.35 and has received mostly positive news coverage. On Monday, the stock opened at $10.30 and closed at $10.20, down 1.0% from its previous closing price of $10.40.



VI Analysis

Based on the company’s fundamentals, Remitly Global appears to be a low risk investment in terms of financial and business aspects. The company’s financials are strong, with a healthy balance sheet and solid cash flow. Additionally, the company’s business model is sound, with a focus on providing money transfer services to immigrants and their families. While there are some risks associated with the company’s growth strategy, overall Remitly Global appears to be a low risk investment.

VI Peers

The company was founded in 2011 and is headquartered in Seattle, Washington. Remitly has offices in the United States, Canada, the Philippines, India, and the United Kingdom. The company offers money transfer services to more than 50 countries. Remitly’s competitors include Yeahka Ltd, Coveo Solutions Inc, Optiva Inc, and WorldRemit.

– Yeahka Ltd ($SEHK:09923)

The company’s market cap is 9.29B as of 2022. The company’s ROE is 3.37%. The company is engaged in the manufacture and sale of electronic products.

– Coveo Solutions Inc ($TSX:CVO)

Coveo Solutions Inc has a market cap of 561.87M as of 2022, a Return on Equity of 59.41%. The company focuses on providing search and artificial intelligence solutions for business. Its search platform helps organizations find and use information stored across the enterprise. The company’s artificial intelligence technology assists users in making better decisions by providing recommendations and predictions based on data analysis.

– Optiva Inc ($TSX:OPT)

Optiva Inc is a Canadian company that provides software solutions for the telecommunications industry. Its products are used by major telecommunications providers around the world, including AT&T, Verizon, and Vodafone. The company has a market capitalization of 108.11 million as of 2022 and a return on equity of -52.55%.

Summary

REMITLY GLOBAL is a money transfer company that allows users to send money abroad. The company offers a variety of different products and services that allow users to send money quickly and easily. The company has a user-friendly platform that makes it easy to send money abroad. The company also offers competitive rates and fees, which makes it a good choice for those looking to send money overseas.

The company offers a variety of products and services that make it easy to send money. The company also has a user-friendly platform and competitive rates.

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