Why RLX Technology Inc ADR (RLX) Should Be On Your Radar Moving Forward

The stock of RLX Technology Inc ADR (NYSE:RLX) last traded at $2.35, up 17.50% from the previous session.

Data from the available sources indicates that RLX Technology Inc ADR (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 $16.65, we find $17.89. Given the previous closing price of $2.00, this indicates a potential upside of 794.5 percent. RLX stock price is now 45.94% away from the 50-day moving average and 20.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.36B.

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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 $20.38 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 8.28% of the company’s stock is owned by insiders.

During the past 12 months, RLX Technology Inc ADR has had a low of $1.39 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 14.86, and a quick ratio of 14.73. According to the stock market information, the enterprise value for the company is $2.01B, which is based on a 290.12 price-to-earnings ratio, a 22.83 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for RLX is $1.6102 and a two-hundred day moving average price translates $1.9425 for the stock.

The latest earnings results from RLX Technology Inc ADR (NYSE: RLX) was released for Sep, 2023. According to the Tobacco Company, earnings per share came in at $0.02, beating analysts’ expectations of $0.01 by 0.01. This compares to $0.05 EPS in the same period last year. The net profit margin was 8.47% and return on equity was 0.55% for RLX. The company reported revenue of $44.92 million for the quarter, compared to $146.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -69.4 percent. For the current quarter, analysts expect RLX to generate $70.02M 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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