RLX Technology Inc. (NYSE:RLX) does about 16.66M shares in volume on a normal day but saw 7319869 shares change hands in Monday trading. The company now has a market cap of 4.26B USD. Its current market price is $2.77, marking an increase of 1.47% compared to the previous close of $2.73. The 52 week high reached by this stock is $3.97 whilst the lowest price level in 52 weeks is $0.90. The script in recent trading has seen the stock touch a high of $2.85 and a low of $2.71.
RLX Technology Inc. (RLX) has a 20-day trading average at $2.59 and the current price is -30.23% off the 52-week high compared with 207.37% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.33 and its 200-day simple moving average is $1.83. If we look at the stock’s price movements over the week, volatility stands at 7.60%, which decreases to 7.23% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.04 to suggest the stock is neutral.
2 analysts observing the RLX Technology Inc. (RLX) stock have set the 12-month price targets for the company’s shares at between $18.41 and $65.81. The consensus objective for the share price is $4.81, suggesting that the stock has a potential upside of 42.41% over the period. The median price target is 93.42% away from the current levels at $42.11.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 01, 2021 when BofA Securities initiated the stock to “Neutral” and issued a price target of $6. China Renaissance initiated its price target at $30.
The current price level is 7.66%, 20.42%, and 51.79% away from its SMA20, SMA50, and SMA200 respectively, with the RLX price moving below the 50-day SMA on January 23. RLX Technology Inc. (RLX) stock is up 0.73% over the week and 12.15% over the past month. Its price is 20.43% year-to-date and -23.48% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2020, with the company’s earnings per share (EPS) of $0.05 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/31/2023, with forecasts estimating quarterly EPS at $0 and $0.13 for whole year. RLX’s earnings per share are forecast to shrink by -43.50% this year and -7.70% over next year.
Its 12-month price target is $42.11. To reach the target analysts have set, the stock logically needs to grow 42.41 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $18.41, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $65.81.
Outstanding shares total 1.32B with insiders holding 39.34% of the shares and institutional holders owning 30.85% of the company’s common stock. The company has a return on investment of 11.70% and return on equity of 15.10%. The price to earnings ratio (P/E ratio) amounts to 11.64 while the forward price to earnings ratio is 23.08. Price to book ratio is 1.60 and price to sales ratio is 4.18.
Vanguard Emerging Markets Stock I isn’t the only investment manager who changed stakes and is followed by Vanguard Total International Stoc, which sold off 19305.0 shares to end up with 9,596,008 shares worth $22.07 million.