RLX Technology Inc. (NYSE:RLX) currently has a daily average trading volume of 10.68M but it saw 13071737 shares traded on Thursday. With a market cap of 3.23B USD, stock’s current market price of $2.03 came falling about -8.14 while comparing to the previous closing price of $2.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.06 and as low as $0.90. In the recent trading on the day, stock has struck highest price mark of $2.19 while lowest mark touched by it was $1.97.
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Taking a look at 20-day trading activity of RLX Technology Inc. (RLX) gives us an average price of $2.35, while its current price level is -33.66% below from 52-week high level whereas it is 125.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.51 while that of 200 days or SMA-200 reads an average of $2.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.08% during that period while stretching the period over a month that decreases to 6.48%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.38 which implies that the stock is in neutral territory.
RLX Technology Inc. (RLX)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $21.94 and $57.04 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $21.94 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $57.04. Average price target assigned by them is $34.53 which highlights an upside potential of 94.12% for the stock over that period. And to attain the median price target of $24.60 assigned by those analysts, stock has to add about 91.75% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, RLX’s stock price is moving -13.25% down while it is -13.98% when we observe its performance for the past one month. Year-to-date it is -11.74% down and over the past year, the stock is showing an upside performance of 15.34%.
The company is expected to be releasing its next quarterly report in 08/18/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.08. For RLX, analysts are forecasting an EPS-growth rate of -52.90% for current year and estimate for EPS growth in next year is 62.50%.
Currently, RLX Technology Inc.’s total number of outstanding shares is 1.32B with 42.70% of that held by the insiders while 25.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.40% and return on equity (ROE) at 4.40%. It has a price to earnings ratio (P/E ratio) of 28.19 while having a 16.92 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 5.97. Its return on asset (ROA) is 4.10% on average.
As per SEC documents, Vanguard Emerging Markets Stock I sought 10,126,454 of company’s common stock of worth $24.91 million as per recent closing price of the stock. Vanguard Emerging Markets Stock I is not the only institutional holder which restructured its stake in RLX Technology Inc., as Vanguard Total International Stoc picked 9,555,489 shares of worth $23.51 million to bring its holdings to a total of 5712.0 shares.
