RLX Technology Inc ADR (NYSE:RLX) shares, rose in value, with the stock price down by -1.64% to the previous day’s close as strong demand from buyers drove the stock to $1.80.
Actively observing the price movement in the last trading, the stock closed the session at $1.83. The value of beta (5-year monthly) was 0.97 whereas the PE ratio was 32.79 over 12-month period. Referring to stock’s 52-week performance, its high was $2.99, and the low was $1.39. On the whole, RLX has fluctuated by -6.74% 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 May 15, 2024 – May 20, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.02, which is expected to increase to $0.02 for fiscal year $0.1 and then to about $0.12 by fiscal year 2025. Data indicates that the EPS growth is expected to be 11.10% in 2025, while the next year’s EPS growth is forecast to be 20.00%.
Analysts have estimated the company’s revenue for the quarter at $61.51 million, with a low estimate of $61.51 million and a high estimate of $61.51 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $356.17 million, representing an increase of 62.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RLX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.58, with the price of RLX currently trading nearly -6.81% and -6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.45, while the 7-day volatility ratio is showing 3.14% which for the 30-day chart, stands at 5.10%. Furthermore, RLX Technology Inc ADR (RLX)’s beta value is 0.97, and its average true range (ATR) is 0.09.
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 -1.64% in last session, and over the past year, it shrunk by -38.14%%.
Data on historical trading for RLX Technology Inc ADR (NYSE:RLX) indicates that the trading volumes over the past 10 days have averaged 6.64 million and over the past 3 months, they’ve averaged 6.45 million. According to company’s latest data on outstanding shares, there are 1.00 billion shares outstanding.
Nearly 5.30% of RLX Technology Inc ADR’s shares belong to company insiders and institutional investors own 23.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.18 million shares as on Mar 15, 2024, resulting in a short ratio of 6.97. According to the data, the short interest in RLX Technology Inc ADR (RLX) stood at 2.43% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 45.23 million. The stock has fallen by -10.00% 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.
