RLX Technology Inc ADR (NYSE: RLX) is -16.20% lower on its value in year-to-date trading and has touched a low of $1.50 and a high of $2.69 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 $1.84 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.81, the stock is 1.83% and -8.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing -1.63% at the moment leaves the stock -4.56% off its SMA200. RLX registered -12.98% loss for a year compared to 6-month gain of 12.42%.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a -19.20%, and is -2.69% 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 2.59% over the week and 4.16% over the month.
RLX Technology Inc ADR (RLX) has around 381 employees, a market worth around $1.65B and $339.75M in sales. Current P/E ratio is 30.47 and Fwd P/E is 14.76. Profit margin for the company is 22.57%. Distance from 52-week low is 20.67% and -32.71% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).
The EPS is expected to grow by 77.22% this year
The shares outstanding are 909.73M, and float is at 836.22M with Short Float at 1.88%.
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 4.8881 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 2.5833 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 25.7 million shares representing 2.0914 and valued at over $47.29 million, while FIRST BEIJING INVESTMENT LTD holds 1.7318 of the shares totaling 21.28 million with a market value of $39.16 million.
