The stock of RLX Technology Inc ADR (NYSE: RLX) has increased by 4.31 when compared to last closing price of 1.67. Despite this, the company has experienced a 5.58% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-21 that My Hold rating for RLX Technology stock stays unchanged, as there were both positives and negatives pertaining to the company’s Q2 performance and disclosures. RLX’s top line and bottom line fell short of expectations due to competition from illegal cigarettes in China and channel expansion efforts in overseas markets. But RLX Technology has good R&D capabilities, and the pace of regulatory approval for new e-cigarette products in the Chinese market has gotten faster.
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 25.54x compared to its average ratio, The 36-month beta value for RLX is at 0.90. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RLX is 881.30M, and currently, shorts hold a 2.91% of that float. The average trading volume for RLX on September 24, 2024 was 1.92M shares.
RLX’s Market Performance
RLX’s stock has seen a 5.58% increase for the week, with a -3.22% drop in the past month and a -5.33% fall in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 3.03% for RLX Technology Inc ADR The simple moving average for the last 20 days is 4.37% for RLX stock, with a simple moving average of -6.16% for the last 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 2.93% 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 -27.42% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares surge +4.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.85% lower at present.
During the last 5 trading sessions, RLX rose by +6.36%, which changed the moving average for the period of 200-days by -14.81% in comparison to the 20-day moving average, which settled at $1.6727. In addition, RLX Technology Inc ADR saw -12.90% 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:
- -0.15 for the present operating margin
- 0.29 for the gross margin
The net margin for RLX Technology Inc ADR stands at 0.37. The total capital return value is set at -0.01. Equity return is now at value 4.11, with 3.95 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 14.25.
Currently, EBITDA for the company is -645.81 million with net debt to EBITDA at 7.0. When we switch over and look at the enterprise to sales, we see a ratio of 8.02. The receivables turnover for the company is 4.65for 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 14.38.
Conclusion
In conclusion, RLX Technology Inc ADR (RLX) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
