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Remitly $RELY is trading at a 70% discount to its 2021 IPO price despite inflecting to positive n...
126 days agoBeaniebeaniemaxi
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Remitly ($RELY) is highlighted as potentially undervalued, trading at a 70% discount to its 2021 IPO price despite strong growth and positive net operating income. The provided chart shows consistent Gross Profit growth, increasing from $232 million in Sep '21 to a projected $1,015 million by Sep '25, representing a 337.26% total change and 44.6% CAGR. This suggests a potential buying opportunity given its operational improvements and market position.

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By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.