RLX Technology Inc ADR (NYSE: RLX): To Buy Or Not To Buy, That Is The Question

RLX Technology Inc ADR (RLX) concluded trading on Thursday at a closing price of $2.22, with 4.18 million shares of worth about $9.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.14% during that period and on January 30, 2025 the price saw a gain of about 4.23%. Currently the company’s common shares owned by public are about 962.89M shares, out of which, 881.80M shares are available for trading.

Stock saw a price change of 2.78% in past 5 days and over the past one month there was a price change of 4.72%. Year-to-date (YTD), RLX shares are showing a performance of 2.78% which increased to 21.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.50 but also hit the highest price of $2.37 during that period. The average intraday trading volume for RLX Technology Inc ADR shares is 5.62 million. The stock is currently trading 1.37% above its 20-day simple moving average (SMA20), while that difference is up 9.34% for SMA50 and it goes to 20.77% higher than SMA200.

RLX Technology Inc ADR (NYSE: RLX) currently have 962.89M outstanding shares and institutions hold larger chunk of about 19.38% of that.

The stock has a current market capitalization of $2.14B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 32.36, while it has posted earnings per share of $0.07 in the same period. It has Quick Ratio of 12.31 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RLX, volatility over the week remained 3.81% while standing at 4.06% over the month.

Stock’s fiscal year EPS is expected to rise by 72.74% while it is estimated to increase by 19.38% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on August 08, 2023 offering a Buy rating for the stock and assigned a target price of $2.60 to it. Coverage by BofA Securities stated RLX Technology Inc ADR (RLX) stock as a Neutral in their note to investors on November 01, 2021, suggesting a price target of $6 for the stock. On March 12, 2021, Citigroup Initiated their recommendations, while on February 22, 2021, China Renaissance Initiated their ratings for the stock with a price target of $30.

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