RLX Technology Inc. (NYSE:RLX) saw an upside of 1.36% to close Monday at $1.49 after adding $0.02 on the day. The 5-day average trading volume is 7,341,200 shares of the company’s common stock. It has gained $1.5800 in the past week and touched a new high 2 times within the past 5 days. An average of 9,971,340 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,534,562.
RLX’s 1-month performance is -0.67% or -$0.0100 on its low of $1.3900 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.90 and high of $3.06, with the stock’s rally to the 52-week high happening on 04/03/23. YTD, RLX has lost -35.22% or -$0.8100 and has reached a new high 5 times. However, the current price is down -51.31% from the 52-week high price.
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Valuation Metrics
RLX stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.33 while the price-to-book (PB) in the most recent quarter is 0.89.
RLX Technology Inc.’s quick ratio for the recent period was 17.00, with the current ratio over the same period at 17.20. In terms of profitability, the gross margin trailing 12 months is 44.50%. The trailing 12-month EBITDA margin is 23.25%. The firm’s gross profit as reported stood at $334.21 million against revenue of $765.54 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -52.05% to $208.96 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than -$54.35 million.
Let’s look briefly at RLX Technology Inc. (RLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 40.34% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.83%.
The stock’s 5-day moving average is $1.4780, reflecting a -5.70% or -$0.0900 change from its current price. RLX is currently trading -4.49% above its 20-day SMA, -34.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.29% and SMA200 by+8.76%.
Stochastic %K and %D was 17.47% and 18.52% and the average true range (ATR) pointed at 0.1093. The RSI (14) points at 41.29%, while the 14-day stochastic is at 25.64% with the period’s ATR at 0.1112. The stock’s 9-day MACD Oscillator is pointing at -0.0811 and -0.1136 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for RLX Technology Inc. (NYSE: RLX), UBS launched coverage with a Buy rating. Analysts offering their rating for RLX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RLX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is RLX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.31 and a high of $33.93, with their median price target at $17.35. Looking at these predictions, the average price target given by analysts is for RLX Technology Inc. (RLX) stock is $20.98.
