In yesterday’s Wall Street session, RLX Technology Inc ADR (NYSE:RLX) shares traded at $2.29, up 1.78% from the previous session.
As of this writing, 4 analysts cover RLX Technology Inc ADR (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 $16.65, we find $17.89. Given the previous closing price of $2.25, this indicates a potential upside of 695.11 percent. RLX stock price is now 37.13% away from the 50-day moving average and 17.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
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 $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.
Monday morning saw RLX Technology Inc ADR (NYSE: RLX) opened at $2.2500. 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 $2.38B, which is based on a 282.72 price-to-earnings ratio, a 22.24 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for RLX is $1.6700 and a two-hundred day moving average price translates $1.9437 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 $62.72M 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.
