The stock of RLX Technology Inc. (NYSE:RLX) increased by $0.15 on Tuesday to at $1.59, up 10.55 percent. The last five days have seen an average of 5,605,671 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.7150. The average number of shares traded over the last 20 days was 8,183,783, while the average volume over the last 50 days totaled 8,069,311.
RLX stock dropped -9.03% since last month. On 08/24/23, the company’s shares reached a one-month low of $1.3900. The stock touched a high of $3.06 on 04/03/23, after rallying from a low of $0.90 in 52 weeks. The price of RLX stock has declined by -30.79% or -$0.7150 this year, reaching a new high 5 times. Still, the stock price is down -47.98% from the 52-week high.
Valuation Metrics
RLX Technology Inc. (RLX) has a trailing price-to-earnings (P/E) ratio of 37.90. Beta for the stock is 0.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.13, the price-to-book (PB) ratio of 0.95.
Financial Health
For the three months ended June 29, RLX Technology Inc.’s quick ratio was 17.00, while its current ratio was 17.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 41.70% percent. RLX Technology Inc.’s EBITDA margin for the year ended June 29 was 23.25%, whereas its operating margin stood at -16.90% for the same period. Based on annual data, it had gross profit of $334.21 million and revenue of $765.54 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RLX’s return on assets (ROA) during the last 12 months has been 2.50%. There was a 4.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.70%.
Earnings Surprise
According to RLX Technology Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $765.54 million, while revenues fell by -74.66% to $0.0. It was predicted that RLX Technology Inc.’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was -$54.35 million for the quarter. At the end of RLX Technology Inc.’s most recent quarter ended June 29, its liabilities totaled 76.41 million, while its total debt was $88.16 million.
Technical Picture
Here’s a quick look at RLX Technology Inc.’s (RLX) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 57.54%, suggesting the stock is Neutral, with a 68.90% historical volatility rate.
The stochastic %K and %D were 31.96% and 17.50% respectively, while the average true range (ATR) was 0.1044. Based on the 14-day stochastic reading of 67.24%, the RSI (14) reading is 52.00%. On the 9-day MACD Oscillator, the stock is at 0.0167, and the 14-day reading is at -0.0168.
Analyst Ratings
In its analyst report released on August 08, 2023, UBS began covering RLX Technology Inc. (NYSE: RLX). The stock was rated as a Buy by the brokerage firm. Analysts have assigned RLX Technology Inc. (RLX) an Buy rating. RLX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is RLX’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.32 and $29.09, with a median target price of $17.35. In analyzing these forecasts, the average price target given by analysts for RLX Technology Inc. (RLX) is $19.77.
