RLX Technology Inc. (NYSE:RLX) shares traded -3.40% lower at $1.42 on Wall Street last session.
In accordance with the data, 4 analysts cover RLX Technology Inc. (NYSE:RLX). The consensus rating among analysts is ‘Buy’. RLX stock price is now -8.76% away from the 50-day moving average and -33.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
It has been rated a hold by 0 analysts and a buy by 4.
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 $14,256,000. ASPEX MANAGEMENT (HK) LTD invested $6,853,000 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 $2,840,000. INVESCO LTD. acquired a new stake in RLX for approximately $916,000. CTC CAPITAL MANAGEMENT, LLC purchased a new stake in RLX valued at around $142,000 in the second quarter.
RLX Technology Inc. (NYSE: RLX) opened at $1.4500 on Thursday. 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 $1.06B, which is based on a 33.81 price-to-earnings ratio, a 2.66 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for RLX is $1.5482 and a two-hundred day moving average price translates $2.1346 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 $72.17M in revenue.
