The stock of RLX Technology Inc. (NYSE:RLX) last traded at $1.57, down -4.85% from the previous session.
Data from the available sources indicates that RLX Technology Inc. (NYSE:RLX) is covered by 2 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 $24.60, we find $40.82. Given the previous closing price of $1.65, this indicates a potential upside of 2373.94 percent. RLX stock price is now -20.00% away from the 50-day moving average and -25.49% away from the 200-day moving average. The market capitalization of the company currently stands at $2.60B.
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In total, 0 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $40.82 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).
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 $31,692,000. TWO SIGMA INVESTMENTS, LP invested $2,784,000 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 $1,884,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG acquired a new stake in RLX for approximately $597,000. POINT72 HONG KONG LTD purchased a new stake in RLX valued at around $563,000 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 $1.6500 on Tuesday 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 0.00, a current ratio of 20.10, and a quick ratio of 19.90. According to the stock market information, the enterprise value for the company is $1.18B, which is based on a 22.11 price-to-earnings ratio, a 1.74 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for RLX is $1.9442 and a two-hundred day moving average price translates $2.1096 for the stock.
The latest earnings results from RLX Technology Inc. (NYSE: RLX) was released for Mar, 2023. The net profit margin was 17.80% and return on equity was 4.40% for RLX. The company reported revenue of $18.12 million for the quarter, compared to $270.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -93.3 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.
