For RLX Technology Inc. [RLX], Analyst sees a rise to $6. What next?

RLX Technology Inc. [NYSE: RLX] plunged by -$0.13 during the normal trading session on Friday and reaching a high of $1.38 during the day while it closed the day at $1.35. The company report on October 29, 2022 that S&P Releases RLX’s ESG Score Report: Ranked ahead of its Global Peers.

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RLX Technology (NYSE: RLX), known for its RELX-branded e-vapor products, has recently received its S&P Global ESG score, resulting from the latest annual CSA (Corporate Sustainability Assessment), ranking ahead of global e-vapor peers.

RLX received impressive scores in business ethics, innovation management, supply chain management, human capital development and customer relationship management.

RLX Technology Inc. stock has also gained 33.66% of its value over the past 7 days. However, RLX stock has declined by -10.00% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.50% and lost -65.38% year-on date.

The market cap for RLX stock reached $2.29 billion, with 1.32 billion shares outstanding and 564.01 million shares in the current float. Compared to the average trading volume of 6.81M shares, RLX reached a trading volume of 12262138 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about RLX Technology Inc. [RLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RLX shares is $4.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RLX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for RLX Technology Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 01, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on March 12, 2021, representing the official price target for RLX Technology Inc. stock. Previously, the target price had yet another raise to $30, while China Renaissance analysts kept a Buy rating on RLX stock.

The Average True Range (ATR) for RLX Technology Inc. is set at 0.15, with the Price to Sales ratio for RLX stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.93.

RLX stock trade performance evaluation

RLX Technology Inc. [RLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.66. With this latest performance, RLX shares gained by 31.07% in over the last four-week period, additionally sinking by -33.50% over the last 6 months – not to mention a drop of -72.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RLX stock in for the last two-week period is set at 57.11, with the RSI for the last a single of trading hit 58.95, and the three-weeks RSI is set at 54.53 for RLX Technology Inc. [RLX]. The present Moving Average for the last 50 days of trading for this stock 1.2124, while it was recorded at 1.3200 for the last single week of trading, and 1.9978 for the last 200 days.

RLX Technology Inc. [RLX]: An insightful look at the core fundamentals

RLX Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.20.

Earnings per share (EPS) analysis for RLX Technology Inc. [RLX] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for RLX Technology Inc. go to 14.07%.

RLX Technology Inc. [RLX]: Insider Ownership positions

There are presently around $372 million, or 30.90% of RLX stock, in the hands of institutional investors. The top three institutional holders of RLX stocks are: IDG CHINA VENTURE CAPITAL FUND V ASSOCIATES L.P. with ownership of 60,068,870, which is approximately 0% of the company’s market cap and around 39.34% of the total institutional ownership; WILDCAT CAPITAL MANAGEMENT, LLC, holding 30,893,022 shares of the stock with an approximate value of $41.71 million in RLX stocks shares; and APOLETTO LTD, currently with $38.68 million in RLX stock with ownership of nearly 0% of the company’s market capitalization.

Positions in RLX Technology Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 41 institutional holders increased their position in RLX Technology Inc. [NYSE:RLX] by around 22,855,907 shares. Additionally, 69 investors decreased positions by around 27,554,523 shares, while 23 investors held positions by with 225,085,296 shares. The mentioned changes placed institutional holdings at 275,495,726 shares, according to the latest SEC report filing. RLX stock had 19 new institutional investments in for a total of 6,520,923 shares, while 21 institutional investors sold positions of 7,797,634 shares during the same period.


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