RLX Technology Inc ADR (NYSE:RLX) price on current trading day, rose 4.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.30.
A look at the stock’s price movement, the level at last check in today’s session was $2.20, moving within a range at $2.195 and $2.37. The beta value (5-Year monthly) was 0.917 while the PE ratio in trailing twelve months stood at 33.53. Turning to its 52-week performance, $2.31 and $1.50 were the 52-week high and 52-week low respectively. Overall, RLX moved 17.35% over the past month.
RLX Technology Inc ADR’s market cap currently stands at around $2.21 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.01, with its dividend yield at 0.43%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 764.69M for the company’s revenue for the quarter, with a low and high estimate of 735.38M and 794M respectively. The average forecast suggests up to a 46.92% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.69B, representing a 69.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RLX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend RLX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RLX’s current price about 7.93% and 18.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.30, while 7-day volatility ratio is 2.60% and 3.81% in the 30-day chart. Further, RLX Technology Inc ADR (RLX) has a beta value of 0.96, and an average true range (ATR) of 0.09.
If we refocus on RLX Technology Inc ADR (NYSE:RLX), historical trading data shows that trading volumes averaged 5.17 over the past 10 days and 5.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 962.89 million shares.
The 8.42% of RLX Technology Inc ADR’s shares are in the hands of company insiders while institutional holders own 19.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.43 million on 2024-10-31, giving us a short ratio of 2.13. The data shows that as of 2024-10-31 short interest in RLX Technology Inc ADR (RLX) stood at 244.00001000000003 of shares outstanding, with shares short falling to 17.56 million registered in 2024-09-30. Current price change has pushed the stock 6.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RLX stock continues to rise going into the next quarter.
