RLX Technology Inc ADR (NYSE: RLX) is -4.63% 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 $2.02 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.06, the stock is 6.35% and 10.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.25 million and changing 1.98% at the moment leaves the stock 7.43% off its SMA200. RLX registered 7.85% gain for a year compared to 6-month gain of 12.57%. The firm has a 50-day simple moving average (SMA 50) of $1.872 and a 200-day simple moving average (SMA200) of $1.91755.
The stock witnessed a 10.75% loss in the last 1 month and extending the period to 3 months gives it a -17.27%, and is 2.49% 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 0.90% over the week and 1.24% over the month.
RLX Technology Inc ADR (RLX) has around 381 employees, a market worth around $1.87B and $371.67M in sales. Current P/E ratio is 30.03 and Fwd P/E is 16.91. Profit margin for the company is 23.91%. Distance from 52-week low is 37.33% and -23.42% from its 52-week high. The company has generated returns on investments over the last 12 months (3.97%).
The EPS is expected to grow by 75.45% this year.
RLX Technology Inc ADR (RLX) Top Institutional Holders
123.0 institutions hold shares in RLX Technology Inc ADR (RLX), with institutional investors hold 351.54% of the company’s shares. The shares outstanding are 909.73M, and float is at 836.22M with Short Float at 1.96%. Institutions hold 29.98% 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 $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.
RLX Technology Inc ADR (RLX) Insider Activity
#####
