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Will RLX Technology Inc. (RLX) benefit from Wall Street bulls Calls?

RLX Technology Inc. (NYSE: RLX) is 18.70% higher on its value in year-to-date trading and has touched a low of $0.90 and a high of $3.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RLX stock was last observed hovering at around $2.71 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $42.11 for the next 12 months. It is also 95.85% off the consensus price target high of $65.81 offered by 2 analysts, but current levels are 85.17% higher than the price target low of $18.41 for the same period.

Currently trading at $2.73, the stock is 6.64% and 19.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.56 million and changing 0.74% at the moment leaves the stock 49.92% off its SMA200. RLX registered -25.41% loss for a year compared to 6-month gain of 33.17%.

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The stock witnessed a 15.19% loss in the last 1 month and extending the period to 3 months gives it a 157.55%, and is 1.49% 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 7.62% over the week and 7.79% over the month.

RLX Technology Inc. (RLX) has around 1235 employees, a market worth around $4.19B and $1.02B in sales. Current P/E ratio is 11.47 and Fwd P/E is 22.75. Profit margin for the company is 31.40%. Distance from 52-week low is 202.93% and -31.23% from its 52-week high. The company has generated returns on investments over the last 12 months (11.70%).

RLX Technology Inc. (RLX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for RLX Technology Inc. (RLX) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 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. is expected to release its quarterly report on 05/31/2023.The EPS is expected to shrink by -27.30% this year.

RLX Technology Inc. (RLX) Top Institutional Holders

The shares outstanding are 1.32B, and float is at 564.01M with Short Float at 4.91%.

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