Stocks of RLX Technology Inc ADR (NYSE:RLX) traded higher last session on Wall Street, down -0.90% to $2.20.
According to the data, RLX Technology Inc ADR (NYSE:RLX) has 2 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $18.28 and a low of $16.65, we find $17.47. Given the previous closing price of $2.22, this indicates a potential upside of 686.94 percent. RLX stock price is now 26.93% away from the 50-day moving average and 13.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $17.47 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.
Friday’s opening bell rang with an opening price of $2.2100 for RLX Technology Inc ADR (NYSE: RLX). 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 $2.30B, which is based on a 271.60 price-to-earnings ratio, a 21.37 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for RLX is $1.7488 and a two-hundred day moving average price translates $1.9454 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 $62.89M 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.
