What Technical Indicators Show About RLX Technology Inc. (RLX)?

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RLX Technology Inc. (NYSE:RLX) finished Wednesday with an addition of $0.02 to close at $1.25, an upside of 1.63 percent. An average of 5,553,560 shares of common stock have been traded in the last five days. There was a fall of -$0.0500 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 4,084,265 shares traded, while the 50-day average volume stands at 4,983,292.

RLX stock has decreased by -13.79% in the last month. The company shares reached their 1-month lowest point of $1.1700 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.16 and a high of $6.47 in 52 weeks. It has reached a new high 1 time so far this year and lost -67.95% or -$2.6500 in price. In spite of this, the price is down -80.67% 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 3.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.76, the price-to-book (PB) ratio at 0.86.

Financial Health

The quick ratio of RLX Technology Inc. for the three months ended December 30 was 4.90, and the current ratio was 5.00, 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 0.01 for the quarter ending December 30. Its gross profit as reported stood at $576.23 million compared to revenue of $1.34 billion.

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 18.50%.

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 $98.35 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 21 September was 40.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.21%.

As of today, RLX’s price is $1.2140 -3.85% or -$0.0500 from its 5-day moving average. RLX is currently trading -12.59% lower than its 20-day SMA and -38.73% lower than its 100-day SMA. However, the stock’s current price level is -34.55% below the SMA50 and -66.12% below the SMA200.

The stochastic %K and %D were 20.44% and 14.40%, respectively, and the average true range (ATR) was 0.0926. With the 14-day stochastic at 30.77% and the average true range at 0.0948, the RSI (14) stands at 38.51%. The stock has reached -0.0556 on the 9-day MACD Oscillator while the 14-day reading was at -0.0705.

Analyst Ratings

BofA Securities launched coverage on RLX Technology Inc. (NYSE: RLX) in its analyst report released on November 01, 2021. The firm assigned the stock a Neutral 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 1 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 $101.33 and $101.33, with a median target of $101.33. Taking a look at these predictions, the average price target given by analysts for RLX Technology Inc. (RLX) stock is $101.33.

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