RLX Technology Inc. (NYSE: RLX) is -28.70% lower on its value in year-to-date trading and has touched a low of $21.60 and a high of $35.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RLX stock was last observed hovering at around $22.61 in the last trading session, with the day’s loss setting it -1.57%.
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Currently trading at $21.04, the stock is -13.81% and -13.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.0 million and changing -6.94% at the moment leaves the stock -13.81% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $24.24 and a 200-day simple moving average (SMA200) of $24.24.
The stock witnessed a In the last 1 monthand is -15.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.38% over the week.
RLX Technology Inc. (RLX) has around 661 employees, a market worth around $35.12B and $402.60M in sales. Current P/E ratio is 3506.67. Profit margin for the company is 2.20%. Distance from 52-week low is -2.59% and -39.89% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).
RLX Technology Inc. (RLX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for RLX Technology Inc. (RLX) is a “Overweight”. 2 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 2 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
RLX Technology Inc. (RLX) Top Institutional Holders
The shares outstanding are 1.67B, and float is at 1.42B with Short Float at 0.38%.