In yesterday’s Wall Street session, RLX Technology Inc. (NYSE:RLX) shares traded at $1.47, down -2.00% from the previous session.
As of this writing, 4 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 $29.09 and a low of $15.32, we find $17.35. Given the previous closing price of $1.50, this indicates a potential upside of 1056.67 percent. RLX stock price is now -7.76% away from the 50-day moving average and -31.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.34B.
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There are 0 analysts who have given it a hold rating, whereas 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 $14,758,000. 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.
Tuesday morning saw RLX Technology Inc. (NYSE: RLX) opened at $1.4900. 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 $1.07B, which is based on a 35.00 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for RLX is $1.5876 and a two-hundred day moving average price translates $2.1593 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 $0.05 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 $37.27 million for the quarter, compared to $333.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -88.82 percent. For the current quarter, analysts expect RLX to generate $71.71M 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.
