Do investors have a safe investment in RLX Technology Inc ADR (NYSE:RLX)?

In yesterday’s Wall Street session, RLX Technology Inc ADR (NYSE:RLX) shares traded at $1.66, down -2.35% from the previous session.

4 analysts cover RLX Technology Inc ADR (NYSE:RLX), according to research data. 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 $1.70, this indicates a potential upside of 920.59 percent. RLX stock price is now 6.40% away from the 50-day moving average and -15.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.67B.

The stock has received a hold rating from 0 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $19.78 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 ADR (NYSE: RLX).

A total of 7.56% of the company’s stock is owned by insiders.

On Wednesday morning RLX Technology Inc ADR (NYSE: RLX) stock kicked off with the opening price of $1.7000. During the past 12 months, RLX Technology Inc ADR has had a low of $1.33 and a high of $3.06. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 17.17, and a quick ratio of 17.01. According to the stock market information, the enterprise value for the company is $1.32B, which is based on a 36.32 price-to-earnings ratio, a 2.86 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for RLX is $1.5602 and a two-hundred day moving average price translates $1.9707 for the stock.

The latest earnings results from RLX Technology Inc ADR (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 24.81% and return on equity was 2.82% 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 $71.97M in revenue.

RLX Technology Inc ADR(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.

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