Watching RLX Technology Inc. (RLX) For Insider Activity

RLX Technology Inc. (NYSE:RLX) finished Wednesday with an addition of $0.69 to close at $5.33, an upside of 14.87 percent. An average of 7,173,060 shares of common stock have been traded in the last five days. There was a gain of $1.09 in the past week. The last 20 days have seen an average of 6,218,160 shares traded, while the 50-day average volume stands at 12,210,080.

RLX stock has increased by 5.54% in the last month. The company shares reached their 1-month lowest point of $4.13 on 10/06/21. Shares of the company touched a low of $3.70 and a high of $35.00 in 52 weeks. In spite of this, the price is down -84.77% from the 52-week high.


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Valuation Metrics

RLX Technology Inc. (RLX) has a trailing price-to-earnings (P/E) ratio of 123.95, which compares with the 13.10 for the broader industry and 24.47 for the sector. In the last five years, RLX Technology Inc.’s PE ratio has ranged between 206.88 and 90.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.90, the price-to-book (PB) ratio at 3.73.

The quick ratio of RLX Technology Inc. for the three months ended December 30 was 3.90, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending December 30. RLX Technology Inc.’s EBITDA margin for the year ending December 30 is 1.98%, while its operating margin for the same period stands at 10.00%. Its gross profit as reported stood at $234.11 million compared to revenue of $585.4 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, RLX Technology Inc.’s return on assets was 3.30%. For the broader industry, ROE averaged 12.77 over the past year.

Earnings Surprise

The analyst consensus anticipated RLX Technology Inc.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.05, a 25.00% surprise. For the quarter, EBITDA amounted to $151.68 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at RLX Technology Inc. (RLX) price momentum. RSI 9-day as of the close on 13 October was 65.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 107.30%.

As of today, RLX’s price is $4.89 +25.71% or $1.09 from its 5-day moving average. RLX is currently trading +8.55% higher than its 20-day SMA and -54.05% lower than its 100-day SMA. However, the stock’s current price level is +9.90% above the SMA50.

The stochastic %K and %D were 70.92% and 72.40%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 90.23% and the average true range at 0.41, the RSI (14) stands at 58.49%. The stock has reached 0.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.

Analyst Ratings

Citigroup launched coverage on RLX Technology Inc. (NYSE: RLX) in its analyst report released on March 12, 2021. The firm assigned the stock a a Buy rating.The consensus rating for RLX Technology Inc. (RLX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RLX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is RLX’s price target for the next 12 months?

Analysts predict a range of price targets between $98.15 and $195.00, with a median target of $146.58. Taking a look at these predictions, the average price target given by analysts for RLX Technology Inc. (RLX) stock is $146.58.

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