RLX Technology Inc ADR (NYSE:RLX) shares, rose in value on Friday, January 03, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $2.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.21, falling within a range of $2.205 and $2.305. The value of beta (5-year monthly) is 0.917 whereas the PE ratio is 32.43 over 12-month period. Referring to stock’s 52-week performance, its high was $2.28, and the low was $1.50. On the whole, RLX has fluctuated by 18.35% over the past month.
With the market capitalization of RLX Technology Inc ADR currently standing at about $2.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.45%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.69B, with a low estimate of 794M and a high estimate of 794M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 794M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RLX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.55, with the price of RLX currently trading nearly 10.49% and 21.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.98, while the 7-day volatility ratio is showing 4.32% which for the 30-day chart, stands at 3.99%. Furthermore, RLX Technology Inc ADR (RLX)’s beta value is 0.95, and its average true range (ATR) is 0.09.
A comparison of RLX Technology Inc ADR (RLX) with its peers suggests the former has fared considerably weaker in the market. RLX showed an intraday change of 0.68% in today’s session so far, and over the past year, it grew by 14.10%%.
Data on historical trading for RLX Technology Inc ADR (NYSE:RLX) indicates that the trading volumes over the past 10 days have averaged 5.61 and over the past 3 months, they’ve averaged 6.29 million. According to company’s latest data on outstanding shares, there are 962.89 million shares outstanding.
Nearly 8.42% of RLX Technology Inc ADR’s shares belong to company insiders and institutional investors own 19.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.43 million shares as on 2024-10-31, resulting in a short ratio of 2.13. According to the data, the short interest in RLX Technology Inc ADR (RLX) stood at 244.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 17.56 million. The stock has risen by 3.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RLX stock heading into the next quarter.
