RLX Technology Inc. [NYSE: RLX] The price rose 1.73 percent to $0.03. RLX Technology announced unaudited financial results for the third quarter of 2022, the company reported on November 16, 2022.
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RLX Technology Inc. (“RLX Technology” or the “Company”) (NYSE: RLX), a leading branded e-vaper company in China, today announced its unaudited financial results for the third quarter ended September 30, 2022.
In the recent session, 27717541 shares were traded against with an average daily volume of 9.10M shares. RLX Technology Inc. Shares rose to a high of $1.80 and fell to a low of $1.64 before ending the latest session at $1.76.
The one year RLX stock forecast points to a possible upside of 55.56. The Average Equity Rating for RLX stock is currently 1.70, which is trading closer to the bullish pattern in the stock market.
Guru’s Opinion on RLX Technology Inc. [RLX],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for RLX shares is $3.96 per share. The target price and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on RLX stock is a recommendation at 1.70. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
BofA Securities has an outlook for shares of RLX Technology Inc, keeping its view on the stock as Neutral, in line with its previous recommendation on November 01, 2021. While these analysts kept the previous recommendation, Citigroup raised its target price to buy. The new note on price target was issued on March 12, 2021, which represents the official price target for RLX Technology Inc stock. Earlier, the target price was again raised to $30, while analysts at China Renaissance maintained a Buy rating on RLX stock.
The Average True Range (ATR) for RLX Technology Inc. is set at 0.18, The Price to Sales ratio for RLX stock over the trailing 12 months period is 2.78. The Price to Book ratio for the previous quarter was 1.07, the Price to Cash per share for the same quarter was set at 1.33.
RLX Stock Performance Analysis:
RLX Technology Inc. [RLX] Moved into the green zone at the end of last week, in a positive trend and rising up to 18.92. With this latest performance, RLX shares are up 76.00% over the past four-week period, as well as down -5.88% over the past 6 months — not to mention a -59.63% decline over the past year of trading. Is.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RLX stock for the past two-week period is set at 62.20, with the RSI for the past one trading hit 64.63, and the three-week RSI for RLX Technology Inc. is set at 60.09. [RLX], The current moving average for the last 50 days of trading of this stock is 1.2498, while it was recorded at 1.6220 for the last one week of trading and 1.8561 for the last 200 days.
RLX Technology Inc. Insight into the fundamentals:
The operating margin for any stock indicates how profitable an investment will be, and RLX Technology Inc. [RLX] The shares currently have an operating margin of +26.98 and a gross margin of +43.09. RLX Technology Inc. Net Margin is currently recorded at +23.76%.
The Return on Equity for this stock is tilted at 26.70, with the Return on Assets sitting at 19.69.
RLX Technology Inc. Equally intriguing is its liquidity data, with a quick ratio of 10.70 and a current ratio set at 10.80.
RLX Stock EPS
The company’s progress can be viewed through the prism of the EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for RLX. When it comes to quoted price, analysts are expecting 5 Year EPS growth rate of 12.71% for RLX Technology Inc.
RLX Technology Inc. [RLX] internal status statement
Institutional investors currently hold approximately $463 million, or 29.50% of RLX stock, in their hands. The top three institutional holders of RLX stock are: IDG China Venture Capital Fund V Associates LP with an ownership of 60,068,870, which is approximately 0% of the company’s market cap and approximately 39.34% of total institutional ownership; WILDCAT CAPITAL MANAGEMENT, LLC, holds 30,893,022 shares of stock in RLX stock shares with an approximate value of $54.37 million; and BLACKROCK INC., with $48.9 million in RLX stock currently owning approximately 5.51% of the company’s market capitalization.
RLX Technology Inc. is held by institutional investors. Positions in RLX increased at the end of November and during the November reporting period, where 48 institutional holders increased their positions in RLX Technology Inc. [NYSE:RLX] By approximately 5,898,868 shares. Additionally, 60 investors reduced positions totaling approximately 21,786,751 shares, while 23 investors held positions totaling 235,505,323 shares. The aforementioned changes put institutional holdings at 263,190,942 shares, according to the latest SEC report filing. There were 17 new institutional investments in RLX stock for a total of 2,446,862 shares, while 20 institutional investors sold 4,527,435 shares during the same period.