The price of RLX Technology Inc. (NYSE:RLX) shares last traded on Wall Street rose 3.52% to $1.47.
Based on available information, 4 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 $33.93 and a low of $17.50, we find $21.68. Given the previous closing price of $1.42, this indicates a potential upside of 1426.76 percent. RLX stock price is now -13.07% away from the 50-day moving average and -32.04% away from the 200-day moving average. The market capitalization of the company currently stands at $2.23B.
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Among analysts, 0 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $23.70 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 FIL LTD during the first quarter worth $14,758,000. ASPEX MANAGEMENT (HK) LTD invested $7,094,000 in shares of RLX during the first quarter. In the first quarter, SCEP MANAGEMENT LTD acquired a new stake in RLX Technology Inc. valued at approximately $2,940,000. INVESCO LTD. acquired a new stake in RLX for approximately $948,000. CTC CAPITAL MANAGEMENT, LLC purchased a new stake in RLX valued at around $147,000 in the second quarter. In total, there are 138 active investors with 29.50% ownership of the company’s stock.
A candlestick chart of RLX Technology Inc. (NYSE: RLX) showed a price of $1.3900 on Friday morning. 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 17.20, and a quick ratio of 17.00. According to the stock market information, the enterprise value for the company is $1.05B, which is based on a 21.30 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for RLX is $1.6822 and a two-hundred day moving average price translates $2.1641 for the stock.
The latest earnings results from RLX Technology Inc. (NYSE: RLX) was released for Mar, 2023. 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 $86.21M 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.
