The stock of RLX Technology Inc. (NYSE:RLX) last traded at $1.43, up 2.14% from the previous session.
Data from the available sources indicates that RLX Technology Inc. (NYSE:RLX) is covered by 4 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $29.09 and a low of $15.32, we find $17.35. Given the previous closing price of $1.40, this indicates a potential upside of 1139.29 percent. RLX stock price is now -13.75% away from the 50-day moving average and -33.89% away from the 200-day moving average. The market capitalization of the company currently stands at $2.20B.
In total, 0 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $19.77 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 FIL LTD during the first quarter worth $14,356,000. ASPEX MANAGEMENT (HK) LTD invested $6,901,000 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 $2,860,000. INVESCO LTD. acquired a new stake in RLX for approximately $922,000. CTC CAPITAL MANAGEMENT, LLC purchased a new stake in RLX valued at around $143,000 in the second quarter.
With an opening price of $1.4400 on Friday 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 17.20, and a quick ratio of 17.00. According to the stock market information, the enterprise value for the company is $995.36M, which is based on a 34.05 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for RLX is $1.6500 and a two-hundred day moving average price translates $2.1623 for the stock.
The latest earnings results from RLX Technology Inc. (NYSE: RLX) was released for Jun, 2023. According to the Tobacco Company, earnings per share came in at $0.01, beating analysts’ expectations of $0 by 0.01. This compares to $0.08 EPS in the same period last year. The net profit margin was 21.60% and return on equity was 2.70% 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 $72.24M 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.
