RLX Technology Inc ADR (NYSE: RLX) is 0.00% lower on its value in year-to-date trading and has touched a low of $1.50 and a high of $2.37 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 $2.24 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.16, the stock is -0.37% and 9.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing -3.57% at the moment leaves the stock 18.10% off its SMA200. RLX registered 22.03% gain for a year compared to 6-month gain of 20.67%. The firm has a 50-day simple moving average (SMA 50) of $1.9652 and a 200-day simple moving average (SMA200) of $1.82715.
The stock witnessed a 10.20% loss in the last 1 month and extending the period to 3 months gives it a 33.33%, and is -2.26% 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 4.18% over the week and 3.91% over the month.
RLX Technology Inc ADR (RLX) has around 1235 employees, a market worth around $2.08B and $299.70M in sales. Current P/E ratio is 31.49 and Fwd P/E is 18.97. Profit margin for the company is 29.78%. Distance from 52-week low is 44.00% and -8.86% 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 74.26% this year
The shares outstanding are 962.89M, and float is at 881.80M with Short Float at 1.05%.
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.
