Currently, there are 962.89M common shares owned by the public and among those 881.80M shares have been available to trade.
The company’s stock has a 5-day price change of 13.75% and 8.33% over the past three months. RLX shares are trading -9.00% year to date (YTD), with the 12-month market performance down to -10.34% lower. It has a 12-month low price of $1.50 and touched a high of $2.40 over the same period. RLX has an average intraday trading volume of 5.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.25%, 8.02%, and 0.59% respectively.
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Institutional ownership of RLX Technology Inc ADR (NYSE: RLX) shares accounts for 19.37% of the company’s 962.89M shares outstanding.
It has a market capitalization of $1.75B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 26.53, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 2.09 and a Quick Ratio of 12.31 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.74% over the week and 3.37% over the month.
Earnings per share for the fiscal year are expected to increase by 76.26%, and 22.37% over the next financial year. EPS should shrink at an annualized rate of 12.71% over the next five years, compared to 90.13% over the past 5-year period.
Looking at the support for the RLX, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on August 08, 2023, with the firm’s price target at $2.60. BofA Securities coverage for the RLX Technology Inc ADR (RLX) stock in a research note released on November 01, 2021 offered a Neutral rating with a price target of $6. Citigroup was of a view on March 12, 2021 that the stock is Buy, while China Renaissance gave the stock Buy rating on February 22, 2021, issuing a price target of $30.
