The price of RLX Technology Inc. (NYSE:RLX) shares last traded on Wall Street rose 20.14% to $1.73.
Based on available information, 2 analysts follow RLX Technology Inc. (NYSE:RLX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $48.15 and a low of $18.41, we find $33.28. Given the previous closing price of $1.44, this indicates a potential upside of 2211.11 percent. RLX stock price is now 40.29% away from the 50-day moving average and -7.49% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $33.28 as their price target over the next twelve months.
With the price target of $6, BofA Securities recently initiated with Neutral rating for RLX Technology Inc. (NYSE: RLX). On March 12, 2021, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘China Renaissance’ rates the stock as ‘Buy’.
A total of 39.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RLX stock. A new stake in RLX Technology Inc. shares was purchased by BNP PARIBAS ARBITRAGE, SNC during the first quarter worth $1,161,000. LOS ANGELES CAPITAL MANAGEMENT LLC invested $605,000 in shares of RLX during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in RLX Technology Inc. valued at approximately $452,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in RLX for approximately $408,000. CANTOR FITZGERALD, L. P. purchased a new stake in RLX valued at around $253,000 in the second quarter. In total, there are 184 active investors with 30.80% ownership of the company’s stock.
A candlestick chart of RLX Technology Inc. (NYSE: RLX) showed a price of $1.4500 on Thursday morning. During the past 12 months, RLX Technology Inc. has had a low of $0.90 and a high of $5.90. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.20, and a quick ratio of 4.10. The fifty day moving average price for RLX is $1.2332 and a two-hundred day moving average price translates $1.8701 for the stock.
The latest earnings results from RLX Technology Inc. (NYSE: RLX) was released for Jun, 2022. According to the Tobacco Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.04 by 0.01. This compares to $0.11 EPS in the same period last year. The net profit margin was 35.00% and return on equity was 19.20% for RLX. The company reported revenue of $146.82 million for the quarter, compared to $260.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.58 percent.
RLX Technology Inc.(RLX) Company Profile
RLX Technology Inc., together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People’s Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. RLX Technology Inc. was founded in 2018 and is based in Beijing, China.