RLX Technology Inc ADR (RLX) Shares Up Despite Recent Market Volatility

RLX Technology Inc ADR (NYSE: RLX) has experienced a rise in its stock price by 0.54 compared to its previous closing price of 1.84. However, the company has seen a fall of -1.07% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-17 that RLX Technology Inc. (NYSE:RLX ) Q1 2024 Earnings Call Transcript May 17, 2024 8:00 AM ET Company Participants Sam Tsang – Head of Capital Markets Kate Wang – CEO Chao Lu – CFO Conference Call Participants Charlie Chen – China Renaissance Lydia Ling – Citi Peihang Lyu – CICC Operator Hello, ladies and gentlemen, thank you for standing by for RLX Technology Inc.’s First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

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 24.57x compared to its average ratio, The 36-month beta value for RLX is at 0.90. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for RLX is 899.42M, and currently, shorts hold a 3.23% of that float. The average trading volume for RLX on June 11, 2024 was 4.75M shares.

RLX’s Market Performance

RLX stock saw a decrease of -1.07% in the past week, with a monthly decline of -7.50% and a quarterly a decrease of -0.54%. The volatility ratio for the week is 3.40%, and the volatility levels for the last 30 days are 3.47% for RLX Technology Inc ADR (RLX).. The simple moving average for the past 20 days is -5.27% for RLX’s stock, with a 0.68% 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 -2.99% 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 -22.92% of loss for the given period.

Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares sank -6.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.65% lower at present.

During the last 5 trading sessions, RLX fell by -1.07%, which changed the moving average for the period of 200-days by +27.59% in comparison to the 20-day moving average, which settled at $1.9470. In addition, RLX Technology Inc ADR saw -7.50% 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:

  • -0.1 for the present operating margin
  • 0.28 for the gross margin

The net margin for RLX Technology Inc ADR stands at 0.47. The total capital return value is set at -0.01. Equity return is now at value 4.56, with 4.40 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 3.29.

Currently, EBITDA for the company is -645.81 million with net debt to EBITDA at 6.37. When we switch over and look at the enterprise to sales, we see a ratio of 11.37. The receivables turnover for the company is 4.3for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.03.

Conclusion

In conclusion, RLX Technology Inc ADR (RLX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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