Part 1: Deep dive writeup on Remitly ($RELY)
Part 1: Deep dive writeup on Remitly ($RELY)
In order to read this entire deep dive writeup on Remitly (RELY) you’ll need to become a paid subscriber by clicking the button below. If you’re already a paid subscriber then I thank you for your support. Paid subscribers receive 3-4 deep dive writeups per month plus they get full access to my current investment portfolio (up +45.5% YTD), all of my activity (buys, sells, trims), my investment models and my daily webcasts.
Here are my other newsletters…
In addition to everything above, I also run a Stocktwits room where I post about both of my portfolios/strategies were you can full access to my current positions/holdings, daily activity, performance and much more. As of Friday’s close my investment portfolio is up ~45.5% YTD thanks to largest positions ie CELH, LNTH, UBER, GLBE, ONON, SWAV, SDGR, NU and several others plus I took big profits this year in TSLA, CROX, XPOF, TH.
Company: Remitly
Ticker: (RELY)
Website: Remitly.com [click here]
IPO date: September 23, 2021 (traditional IPO)
IPO price: $43.00
Current stock price: $18.37
Outstanding shares: 175.1 million
52 week high: $18.56 on May 04, 2023
52 week low: $6.66 on May 12, 2022
ATH: $53.65 on September 23, 2021
Market cap: $3.216 billion
Net cash/debt: +$227 million
Enterprise value: $2.989billion
Headquarters: Seattle, Washington, United States
Number of employees: 2,700+
Average price target from analysts: $21.60
Next earnings report for Q2 2023: TBD
Investor Relations [click here]
Q1 2023 Earnings Report [click here]
Q1 2023 Earnings Call Transcript [click here]
Q1 2023 Earnings Call Presentation [click here]
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Business Model [part 1]
Competitive Advantages [part 1]
Risks [part 1]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Additional Sources [part 2]