RLX Technology Inc ADR (NYSE:RLX) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $2.00.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.99. The PE ratio was 29.08 over 12-month period. Referring to stock’s 52-week performance, its high was $2.69, and the low was $1.50. On the whole, RLX has fluctuated by 9.02% over the past month.
With the market capitalization of RLX Technology Inc ADR currently standing at about $1.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.07B, with a low estimate of 725M and a high estimate of 725M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 725M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 1.20, with the price of RLX currently trading nearly 3.65% and 6.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.27, while the 7-day volatility ratio is showing 0.95% which for the 30-day chart, stands at 1.25%. Furthermore, RLX Technology Inc ADR (RLX)’s beta value is 1.04, and its average true range (ATR) is 0.06.
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 0.25% in today’s session so far, and over the past year, it grew by 4.45%%.
Data on historical trading for RLX Technology Inc ADR (NYSE:RLX) indicates that the trading volumes over the past 3 months, they’ve averaged 5.45 million. According to company’s latest data on outstanding shares, there are 909.73 million shares outstanding.
Nearly 8.08% of RLX Technology Inc ADR’s shares belong to company insiders and institutional investors own 20.91% of the company’s shares. The stock has fallen by -7.64% 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.
