Market Analysts see RLX Technology Inc. [RLX] gaining to $30. Time to buy?

RLX Technology Inc. [NYSE: RLX] stock went on a downward path that fall over -11.56% on Thursday, amounting to a one-week price decrease of less than -23.88%.

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The market cap for the stock reached $28.73 billion, with 1.67 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 16.08M shares, RLX stock reached a trading volume of 6754855 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on RLX Technology Inc. [RLX]:

China Renaissance have made an estimate for RLX Technology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 22, 2021.

The Average True Range (ATR) for RLX Technology Inc. is set at 2.79, with the Price to Sales ratio for RLX stock in the period of the last 12 months amounting to 71.35.

RLX Stock Performance Analysis:

RLX Technology Inc. [RLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.88.

Insight into RLX Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and RLX Technology Inc. [RLX] shares currently have an operating margin of +3.64 and a Gross Margin at +37.50. RLX Technology Inc.’s Net Margin is presently recorded at +3.08.

When it comes to the capital structure of this company, RLX Technology Inc. [RLX] has a Total Debt to Total Equity ratio set at 415.24. Additionally, RLX Total Debt to Total Capital is recorded at 80.59, with Total Debt to Total Assets ending up at 30.56. Long-Term Debt to Equity for the company is recorded at 57.71, with the Long-Term Debt to Total Capital now at 11.20.

Reflecting on the efficiency of the workforce at the company, RLX Technology Inc. [RLX] managed to generate an average of $10,345 per employee.RLX Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

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