RLX Technology Inc. (NYSE: RLX) is -62.89% lower on its value in year-to-date trading and has touched a low of $7.89 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 $10.36 in the last trading session, with the day’s gains setting it 0.59% off its average median price target of $163.52 for the next 12 months. It is also 94.42% off the consensus price target high of $196.22 offered by 4 analysts, but current levels are 91.63% higher than the price target low of $130.81 for the same period.
Currently trading at $10.95, the stock is -23.84% and -43.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.14 million and changing 5.69% at the moment leaves the stock -43.08% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $16.39 and a 200-day simple moving average (SMA200) of $19.07.
The stock witnessed a -38.96% in the last 1 month, and is 19.28% up 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 10.35% over the week and 14.47% over the month.
RLX Technology Inc. (RLX) has around 661 employees, a market worth around $16.09B and $583.00M in sales. Fwd P/E is 28.44. Profit margin for the company is -3.40%. Distance from 52-week low is 38.78% and -68.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.30%).
RLX Technology Inc. (RLX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for RLX Technology Inc. (RLX) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 2 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
RLX Technology Inc. quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -368.30% this year, but quarterly earnings will post 167.30% year-over-year.
RLX Technology Inc. (RLX) Top Institutional Holders
32 institutions hold shares in RLX Technology Inc. (RLX), with institutional investors hold 6.71% of the company’s shares. The shares outstanding are 1.47B, and float is at 1.42B with Short Float at 1.00%. Institutions hold 6.71% of the Float.
The top institutional shareholder in the company is New World Fund, Inc. with over 4.12 million shares valued at $92.8 million. The investor’s holdings represent 3.08% of the RLX Shares outstanding. As of Feb 27, 2021, the second largest holder is Fidelity Blue Chip Growth Fund with 1.39 million shares valued at $24.42 million to account for 1.04% of the shares outstanding. The other top investors are Blackrock Emerging Markets Fund which holds 1.21 million shares representing 0.90% and valued at over $27.14 million, while iShares Core MSCI Emerging Markets ETF holds 0.73% of the shares totaling 0.98 million with a market value of $17.1 million.