RELY Should I Buy
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Remitly Global Inc (RELY) is not a strong buy at the moment for a beginner, long-term investor with $50,000-$100,000 available. While the company has shown revenue growth and positive analyst sentiment, the significant insider selling, weak technical indicators, and declining net income and EPS suggest caution. Waiting for more favorable entry points or improved financial performance may be prudent.
The MACD is below 0 and negatively contracting, indicating bearish momentum. RSI is neutral at 50.493, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 15.771, with resistance at 16.348 and support at 15.194.
Analysts have raised price targets recently, with strong Q4 results and an improved FY26 outlook. The company is positioned for multi-year growth in the digital remittance space.
Significant insider selling (144407.41% increase last month). Weak technical indicators and a bearish short-term stock trend. Declining net income (-820.06% YoY) and EPS (-733.33% YoY) in the latest quarter.
In Q4 2025, revenue increased by 25.66% YoY to $442.18M, but net income dropped significantly by -820.06% YoY to $41.22M. EPS also fell by -733.33% YoY to 0.19. Gross margin improved slightly to 67.34%, up 4.08% YoY.
Analysts are broadly positive, with multiple firms raising price targets to $20-$22 and maintaining Buy or Overweight ratings. They cite strong customer acquisition, new product growth, and expanding margins as key drivers.
