Can RLX Technology Inc. (NYSE:RLX) Be A Safe Investment Now?

RLX Technology Inc. (NYSE:RLX) shares, rose in value on Thursday, Apr 08, with the stock price up by 5.02% to the previous day’s close as strong demand from buyers drove the stock to $10.04.

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Actively observing the price movement in the recent trading, the stock is buoying the session at $9.56, falling within a range of $9.72 – and $10.12. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $35, and the low was $7.89. On the whole, RLX has fluctuated by -30.87% over the past month.

With the market capitalization of RLX Technology Inc. currently standing at about $14.05 Billion. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.09 for fiscal year 2021 and then to about $0.39 by fiscal year 2022. Data indicates that the EPS growth is expected to be 1.78% in 2021, while the next year’s EPS growth is forecast to be 0.56%.

4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 2 recommend it as a Buy and 2 called the RLX stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

A comparison of RLX Technology Inc. (RLX) with its peers suggests the former has fared considerably better in the market. RLX showed an intraday change of +5.02% in today’s session so far, and over the past year, it dropped by 0%. In comparison, Reynolds Consumer Products Inc (REYN) has moved lower at -0.03% today and is down -1.38% over the past 12 months. On the other hand, the price of Spectrum Brands Holdings Inc (SPB) has risen 0.62% today. The stock, however, is off 139.48% from where it was a year ago. Additionally, there is a gain of 502.% for Central Garden (CENT) in recent trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for RLX Technology Inc., compared to 17.2 for Reynolds Consumer Products Inc, and 19.49 for Spectrum Brands Holdings Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.

Data on historical trading for RLX Technology Inc. (NYSE:RLX) indicates that the trading volumes over the past 10 days have averaged 10.08 Million and over the past 3 months, they’ve averaged 15.4 Million. According to company’s latest data on outstanding shares, there are 1.57 Billion shares outstanding.

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Nearly 0% of RLX Technology Inc.’s shares belong to company insiders and institutional investors own 9.27% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 14.19 Million shares as on March 14, 2021, resulting in a short ratio of 1.94. According to the data, the short interest in RLX Technology Inc. (RLX) stood at 0.91% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 6.41 Million. The stock has fallen by -67.6% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the RLX stock heading into the next quarter.

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