RLX Technology Inc ADR (NYSE:RLX) shares, rose in value on Friday, April 26, with the stock price up by 1.57% to the previous day’s close as strong demand from buyers drove the stock to $1.94.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.91. The PE ratio was 35.34 over 12-month period. Referring to stock’s 52-week performance, its high was $2.55, and the low was $1.39. On the whole, RLX has fluctuated by 2.11% over the past month.
The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 364.7M, with a low estimate of 72.69M and a high estimate of 72.69M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 72.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.78, with the price of RLX currently trading nearly 6.45% and 1.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.96, while the 7-day volatility ratio is showing 4.71% which for the 30-day chart, stands at 3.32%. Furthermore, RLX Technology Inc ADR (RLX)’s beta value is 0.93, and its average true range (ATR) is 0.07.
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 1.57% in today’s session so far, and over the past year, it shrunk by -17.80%%.
Data on historical trading for RLX Technology Inc ADR (NYSE:RLX) indicates that the trading volumes over the past 3 months, they’ve averaged 5.58 million. According to company’s latest data on outstanding shares, there are 962.89 million shares outstanding.
Nearly 8.28% of RLX Technology Inc ADR’s shares belong to company insiders and institutional investors own 24.37% of the company’s shares. The stock has fallen by -3.00% 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.
