RLX Technology Inc ADR (NYSE: RLX)’s stock price has plunge by -1.48relation to previous closing price of 2.03. Nevertheless, the company has seen a 21.95% surge in its stock price over the last five trading sessions. The Motley Fool reported 2023-11-13 that RLX Technology announced mixed third-quarter results, leveraging cost-reduction initiatives to beat earnings estimates. The company also terminated a non-compete agreement with Rlex Inc., paving the way for international expansion.

Is It Worth Investing in RLX Technology Inc ADR (NYSE: RLX) Right Now?

The price-to-earnings ratio for RLX Technology Inc ADR (NYSE: RLX) is 246.91x, which is above its average ratio. Moreover, the 36-month beta value for RLX is 0.86. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The average price recommended by analysts for RLX Technology Inc ADR (RLX) is $20.38, which is $0.8 above the current market price. The public float for RLX is 921.16M and currently, short sellers hold a 3.98% of that float. On November 20, 2023, RLX’s average trading volume was 5.10M shares.

RLX’s Market Performance

RLX stock saw an increase of 21.95% in the past week, with a monthly gain of 25.79% and a quarterly increase of 34.23%. The volatility ratio for the week is 5.93%, and the volatility levels for the last 30 days are 5.41% for RLX Technology Inc ADR (RLX). The simple moving average for the past 20 days is 17.10% for RLX’s stock, with a 2.83% simple moving average for the past 200 days.

Analysts’ Opinion of RLX

Many brokerage firms have already submitted their reports for RLX stocks, with UBS repeating the rating for RLX by listing it as a “Buy.” The predicted price for RLX in the upcoming period, according to UBS is $2.60 based on the research report published on August 08, 2023 of the current year 2023.

RLX Trading at 25.03% from the 50-Day Moving Average

After a stumble in the market that brought RLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.64% of loss for the given period.

Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +25.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.05% upper at present.

During the last 5 trading sessions, RLX rose by +21.95%, which changed the moving average for the period of 200-days by -19.68% in comparison to the 20-day moving average, which settled at $1.73. In addition, RLX Technology Inc ADR saw -13.04% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for RLX

Current profitability levels for the company are sitting at:

• +20.14 for the present operating margin
• +43.66 for the gross margin

The net margin for RLX Technology Inc ADR stands at +27.30. The total capital return value is set at 6.94, while invested capital returns managed to touch 9.77. Equity return is now at value 0.55, with 0.52 for asset returns.

Based on RLX Technology Inc ADR (RLX), the company’s capital structure generated 1.94 points at debt to equity in total, while total debt to capital is 1.91. Total debt to assets is 1.85, with long-term debt to equity ratio resting at 0.26. Finally, the long-term debt to capital ratio is 0.25.

When we switch over and look at the enterprise to sales, we see a ratio of 3.50, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 45.40 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.18.

Conclusion

To wrap up, the performance of RLX Technology Inc ADR (RLX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.