Remitly Global is a holding company. Through its subsidiaries, Co. is engaged in digital financial services for immigrants who working aboard. Co. provides financial services to immigrants, including helping customers to send money, savings, credit, investments and insurance products by using digital channels via mobile app or the web. We show 6 historical shares outstanding datapoints in our RELY shares outstanding history coverage, used to compute RELY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RELY market cap history over the course of time is important for investors
interested in comparing RELY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RELY versus a peer is one thing; comparing
RELY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RELY can fluctuate over the course of history.
With this page we aim to empower investors researching RELY by allowing them to research the RELY market cap history. |
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Video: The Importance of Market Cap
