RLX Technology Inc ADR (NYSE: RLX)’s stock price has increased by 2.62 compared to its previous closing price of 1.91. However, the company has seen a 6.52% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-15 that RLX Technology Inc. (RLX) Q4 2023 Earnings Call Transcript
Is It Worth Investing in RLX Technology Inc ADR (NYSE: RLX) Right Now?
RLX Technology Inc ADR (NYSE: RLX) has a higher price-to-earnings ratio of 35.70x compared to its average ratio. RLX has 36-month beta value of 0.94. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RLX is 883.13M, and currently, short sellers hold a 3.29% ratio of that float. The average trading volume of RLX on April 30, 2024 was 5.56M shares.
RLX’s Market Performance
RLX’s stock has seen a 6.52% increase for the week, with a 2.08% rise in the past month and a 7.69% gain in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.44% for RLX Technology Inc ADR The simple moving average for the past 20 days is 7.57% for RLX’s stock, with a 9.91% 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 previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see RLX reach a price target of $6. The rating they have provided for RLX stocks is “Neutral” according to the report published on November 01st, 2021.
Citigroup gave a rating of “Buy” to RLX, setting the target price at $20 in the report published on March 12th of the previous year.
RLX Trading at 2.73% 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 -22.99% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.85% lower at present.
During the last 5 trading sessions, RLX rose by +6.52%, which changed the moving average for the period of 200-days by +8.89% in comparison to the 20-day moving average, which settled at $1.8250. In addition, RLX Technology Inc ADR saw -2.00% 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:
- -0.35 for the present operating margin
- 0.27 for the gross margin
The net margin for RLX Technology Inc ADR stands at 0.38. The total capital return value is set at -0.03. Equity return is now at value 3.32, with 3.16 for asset returns.
Based on RLX Technology Inc ADR (RLX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -1.36. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 1.66.
Currently, EBITDA for the company is -645.81 million with net debt to EBITDA at 3.15. When we switch over and look at the enterprise to sales, we see a ratio of 11.09. The receivables turnover for the company is 7.61for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.44.
Conclusion
To put it simply, RLX Technology Inc ADR (RLX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
