RLX Technology Inc. (RLX) Is A Stock You Should Watch


As of Wednesday close, RLX Technology Inc.’s (NYSE:RLX) stock was up $0.3, moving up 17.75 percent to $1.99. The average number of shares traded per day over the past five days has been 23,470,340 shares. 4 times new highs have been achieved over the past 5 days, with a $0.5500 gain in that time frame. In the last twenty days, the average volume was 17,034,230, while in the previous 50 days, it was 12,218,418.

Since last month, RLX stock rose 74.56%. Shares of the company fell to $0.9012 on 10/24/22, the lowest level in the past month. A 52-week high of $5.90 was reached on 01/03/22 after having rallying from a 52-week low of $0.90. Since the beginning of this year, RLX’s stock price has dropped by -48.97% or -$1.9100, and marked a new high 1 time. However, the stock has declined by -66.27% since its 52-week high.

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Valuation Metrics

Right now, RLX Technology Inc. (RLX) has a P/E ratio of about 8.84. Besides these, the trailing price-to-sales (P/S) ratio of 3.14, the price-to-book (PB) ratio of 1.21.

Financial Health

In the three months ended December 30, RLX Technology Inc.’s quick ratio stood at 10.70, while its current ratio was 10.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 42.40% percent. In the year ended December 30, operating margins totaled 30.00%. Based on annual data, RLX earned $576.23 million in gross profit and brought in $1.34 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.70%. Return on equity (ROE) for the past 12 months was 15.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RLX’s revenue rose 100.0% during the quarter, while net income inched up to $1.34 billion. While analysts expected RLX Technology Inc. to report $0.04 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $65.4 million in EBITDA. The liabilities of RLX Technology Inc. were 199.37 million at the end of its most recent quarter ended December 30, and its total debt was $199.08 million.

Technical Picture

This quick technical analysis looks at RLX Technology Inc.’s (RLX) price momentum. With a historical volatility rate of 133.74%, the RSI 9-day stood at 70.75% on 23 November.

With respect to its five-day moving average, the current RLX Technology Inc. price is up by +38.19% percent or $0.5500. At present, RLX shares trade +22.09% above its 20-day simple moving average and -3.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately +53.08% above its SMA50 and -38.01% below its SMA200.

Stochastic coefficient K was 78.21% and Stochastic coefficient D was 80.84%, while ATR was 0.1965. Given the Stochastic reading of 90.48% for the 14-day period, the RSI (14) reading has been calculated as 66.91%. As of today, the MACD Oscillator reading stands at 0.1433, while the 14-day reading stands at 0.2133.

Analyst Ratings

BofA Securities launched its rating on RLX Technology Inc. (NYSE: RLX) to a Neutral in a note to investors on November 01, 2021. RLX Technology Inc. (RLX) has been rated Buy by analysts. According to 0 brokerage firms, RLX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate RLX Technology Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $33.28, the current consensus forecast for the stock is $18.41 – $48.15. Based on these forecasts, analysts predict RLX Technology Inc. (RLX) will achieve an average price target of $33.28.


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