The stock of RLX Technology Inc. (NYSE:RLX) last traded at $2.44, up 3.83% from the previous session.
Data from the available sources indicates that RLX Technology Inc. (NYSE:RLX) is covered by 3 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $57.04 and a low of $21.94, we find $24.49. Given the previous closing price of $2.35, this indicates a potential upside of 942.13 percent. RLX stock price is now -3.83% away from the 50-day moving average and 21.47% away from the 200-day moving average. The market capitalization of the company currently stands at $3.82B.
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In total, 0 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $34.49 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 42.70% 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 KEYSTONE INVESTORS PTE LTD during the first quarter worth $49,255,000. TWO SIGMA INVESTMENTS, LP invested $4,327,000 in shares of RLX during the first quarter. In the first quarter, FIRST MANHATTAN CO. LLC. acquired a new stake in RLX Technology Inc. valued at approximately $2,928,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG acquired a new stake in RLX for approximately $927,000. POINT72 HONG KONG LTD purchased a new stake in RLX valued at around $874,000 in the second quarter. In total, there are 153 active investors with 29.50% ownership of the company’s stock.
With an opening price of $2.2300 on Wednesday morning, RLX Technology Inc. (NYSE: RLX) set off the trading day. During the past 12 months, RLX Technology Inc. has had a low of $0.90 and a high of $3.06. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 14.20, and a quick ratio of 14.00. The fifty day moving average price for RLX is $2.5414 and a two-hundred day moving average price translates $2.0134 for the stock.
The latest earnings results from RLX Technology Inc. (NYSE: RLX) was released for Mar, 2023. The net profit margin was 27.00% and return on equity was 9.70% for RLX. The company reported revenue of $14.76 million for the quarter, compared to $317.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -95.35 percent.
RLX Technology Inc.(RLX) Company Profile
RLX Technology Inc., together with its subsidiaries, manufactures, distributes, and sells e-vapor products in the People’s Republic of China. It serves partner distributors and other retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.
