RLX Technology Inc. (NYSE:RLX) finished Thursday with a subtraction of -$0.05 to close at $1.40, a downside of -3.45 percent. An average of 6,603,280 shares of common stock have been traded in the last five days. There was a fall of -$0.0200 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 9,297,875 shares traded, while the 50-day average volume stands at 8,372,260.
RLX stock has decreased by -9.68% in the last month. The company shares reached their 1-month lowest point of $1.3900 on 08/24/23. With the stock rallying to its 52-week high on 04/03/23, shares of the company touched a low of $0.90 and a high of $3.06 in 52 weeks. It has reached a new high 5 times so far this year and lost -39.13% or -$0.9000 in price. In spite of this, the price is down -54.25% from the 52-week high.
Valuation Metrics
RLX Technology Inc. (RLX) has a trailing price-to-earnings (P/E) ratio of 20.29. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.07, the price-to-book (PB) ratio at 0.84.
Financial Health
The quick ratio of RLX Technology Inc. for the three months ended June 29 was 17.00, and the current ratio was 17.20, 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 June 29. RLX Technology Inc.’s EBITDA margin for the year ending June 29 is 23.25%. Its gross profit as reported stood at $334.21 million compared to revenue of $765.54 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $208.96 million in the quarter, while revenues were shrunk -52.05%. The analyst consensus anticipated RLX Technology Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to -$54.35 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 24 August was 33.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.37%.
As of today, RLX’s price is $1.4680 -1.41% or -$0.0200 from its 5-day moving average. RLX is currently trading -8.50% lower than its 20-day SMA and -51.72% lower than its 100-day SMA. However, the stock’s current price level is -23.91% below the SMA50 and -7.89% below the SMA200.
The stochastic %K and %D were 17.95% and 23.65%, respectively, and the average true range (ATR) was 0.1022. With the 14-day stochastic at 2.56% and the average true range at 0.1061, the RSI (14) stands at 36.97%. The stock has reached -0.0233 on the 9-day MACD Oscillator while the 14-day reading was at -0.0757.
Analyst Ratings
UBS launched coverage on RLX Technology Inc. (NYSE: RLX) in its analyst report released on August 08, 2023. The firm assigned the stock 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 4 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 $15.32 and $29.09, with a median target of $17.35. Taking a look at these predictions, the average price target given by analysts for RLX Technology Inc. (RLX) stock is $19.77.
