RLX Technology Inc. (NYSE:RLX) shares traded 0.62% higher at $1.63 on Wall Street last session.
In accordance with the data, 3 analysts cover 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 $33.93 and a low of $18.77, we find $24.60. Given the previous closing price of $1.62, this indicates a potential upside of 1418.52 percent. RLX stock price is now -6.24% away from the 50-day moving average and -24.14% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $25.77 as their price target over the next twelve months.
With the price target of $2.60, UBS recently initiated with Buy 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 $32,904,000. TWO SIGMA INVESTMENTS, LP invested $2,891,000 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 $1,956,000. POINT72 HONG KONG LTD acquired a new stake in RLX for approximately $584,000. OLD MISSION CAPITAL, LLC purchased a new stake in RLX valued at around $254,000 in the second quarter. In total, there are 138 active investors with 29.50% ownership of the company’s stock.
RLX Technology Inc. (NYSE: RLX) opened at $1.6600 on Tuesday. 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 $1.28B, which is based on a 22.96 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for RLX is $1.7304 and a two-hundred day moving average price translates $2.1516 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. For the current quarter, analysts expect RLX to generate $48.45M in revenue.
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.
