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RLX Technology Inc ADR (RLX) Stock Could Soon Reward Patient Investors

RLX Technology Inc ADR (NYSE: RLX) is -5.00% lower on its value in year-to-date trading and has touched a low of $1.39 and a high of $3.00 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 $1.92 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $1.90, the stock is -2.16% and -0.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.04 million and changing -1.04% at the moment leaves the stock 6.76% off its SMA200. RLX registered -26.36% loss for a year compared to 6-month gain of 24.18%. The firm has a 50-day simple moving average (SMA 50) of $1.77 and a 200-day simple moving average (SMA200) of -$2.26.

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The stock witnessed a -2.56% loss in the last 1 month and extending the period to 3 months gives it a -1.04%, and is -8.21% 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 4.62% over the week and 5.16% over the month.

Current P/E ratio is 34.61 and Fwd P/E is 16.22. Profit margin for the company is 44.86%. Distance from 52-week low is 36.69% and -36.67% from its 52-week high. The company has generated returns on investments over the last 12 months (3.34%).

RLX Technology Inc ADR quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $62.53M over the same period.The EPS is expected to grow by 73.31% this year, but quarterly earnings will post 62.40% year-over-year.

RLX Technology Inc ADR (RLX) Top Institutional Holders

132 institutions hold shares in RLX Technology Inc ADR (RLX), with institutional investors hold 51.87% of the company’s shares. The shares outstanding are 1.00B, and float is at 951.16M with Short Float at 4.01%. Institutions hold 27.38% of the Float.

The top institutional shareholder in the company is IDG China Venture Capital Fund V Associates L.P. with over 60.07 million shares valued at $106.32 million. The investor’s holdings represent 4.76% of the RLX Shares outstanding. As of Jun 29, 2023, the second largest holder is Goldman Sachs Group Inc with 50.68 million shares valued at $89.7 million to account for 4.02% of the shares outstanding. The other top investors are Strategic Vision Investment Ltd which holds 40.28 million shares representing 3.19% and valued at over $71.3 million, while Vanguard Group Inc holds 2.42% of the shares totaling 30.48 million with a market value of $53.95 million.

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