RLX Technology Inc ADR (NYSE: RLX) is 1.85% higher on its value in year-to-date trading and has touched a low of $1.50 and a high of $2.31 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 $2.20 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $2.20, the stock is 8.27% and 18.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.22 million and changing 0.00% at the moment leaves the stock 21.34% off its SMA200. RLX registered 12.82% gain for a year compared to 6-month gain of 21.55%. The firm has a 50-day simple moving average (SMA 50) of $1.8374 and a 200-day simple moving average (SMA200) of $1.8126.
The stock witnessed a 20.22% loss in the last 1 month and extending the period to 3 months gives it a 25.00%, and is 3.77% 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 5.23% over the week and 4.25% over the month.
RLX Technology Inc ADR (RLX) has around 1235 employees, a market worth around $2.12B and $299.70M in sales. Current P/E ratio is 32.07 and Fwd P/E is 19.32. Profit margin for the company is 29.78%. Distance from 52-week low is 46.67% and -4.76% from its 52-week high. The company has generated returns on investments over the last 12 months (4.00%).
The EPS is expected to grow by 75.10% this year.
RLX Technology Inc ADR (RLX) Top Institutional Holders
The shares outstanding are 962.89M, and float is at 881.80M with Short Float at 1.43%.
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 $110.53 million. The investor’s holdings represent 4.8081% of the RLX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 31.75 million shares valued at $$58.41 million to account for 2.541 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 25.7 million shares representing 2.0571% and valued at over $47.29 million, while FIRST BEIJING INVESTMENT LTD holds 1.7034 of the shares totaling 21.28 million with a market value of $39.16 million.
RLX Technology Inc ADR (RLX) Insider Activity
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