As of Wednesday close, RLX Technology Inc.’s (NYSE:RLX) stock was up $0.05, moving up 3.52 percent to $1.47. The average number of shares traded per day over the past five days has been 3,242,040 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0200 fall in that time frame. In the last twenty days, the average volume was 4,406,005, while in the previous 50 days, it was 7,637,942.
Since last month, RLX stock retreated -1.34%. Shares of the company fell to $1.3900 on 08/24/23, the lowest level in the past month. A 52-week high of $3.06 was reached on 04/03/23 after having rallying from a 52-week low of $0.90. Since the beginning of this year, RLX’s stock price has dropped by -36.09% or -$0.8300, and marked a new high 5 times. However, the stock has declined by -51.96% since its 52-week high.
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Valuation Metrics
Right now, RLX Technology Inc. (RLX) has a P/E ratio of about 35.00. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 8.55, the price-to-book (PB) ratio of 0.88.
Financial Health
In the three months ended June 29, RLX Technology Inc.’s quick ratio stood at 17.00, while its current ratio was 17.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 41.70% percent. In the year ended June 29, EBITDA margin amounted to 23.25%, whereas operating margins totaled -16.90%. Based on annual data, RLX earned $334.21 million in gross profit and brought in $765.54 million 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 4.40%. Return on equity (ROE) for the past 12 months was 2.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RLX’s revenue fell -74.66% during the quarter, while net income inched up to $765.54 million. While analysts expected RLX Technology Inc. to report $0 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $7.08 million in EBITDA. The liabilities of RLX Technology Inc. were 85.49 million at the end of its most recent quarter ended June 29, and its total debt was $88.16 million.
Technical Picture
This quick technical analysis looks at RLX Technology Inc.’s (RLX) price momentum. With a historical volatility rate of 33.48%, the RSI 9-day stood at 46.13% on 20 September.
With respect to its five-day moving average, the current RLX Technology Inc. price is down by -1.34% percent or -$0.0200. At present, RLX shares trade -3.92% below its 20-day simple moving average and -37.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.53% below its SMA50 and -35.53% below its SMA200.
Stochastic coefficient K was 23.70% and Stochastic coefficient D was 25.55%, while ATR was 0.0719. Given the Stochastic reading of 25.00% for the 14-day period, the RSI (14) reading has been calculated as 45.61%. As of today, the MACD Oscillator reading stands at -0.0222, while the 14-day reading stands at -0.0424.
Analyst Ratings
UBS launched its rating on RLX Technology Inc. (NYSE: RLX) to a Buy in a note to investors on August 08, 2023. 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 4 recommending it as overweight.
With a median target price of $17.35, the current consensus forecast for the stock is $15.32 – $29.09. Based on these forecasts, analysts predict RLX Technology Inc. (RLX) will achieve an average price target of $19.77.
