A share price of RLX Technology Inc ADR [RLX] is currently trading at $2.07, down -0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RLX shares have gain 11.29% over the last week, with a monthly amount glided 4.02%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, RLX Technology Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, RLX Technology Inc. (“RLX Technology” or the “Company”) (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2023.
From an analyst’s perspective:
RLX Technology Inc ADR [NYSE: RLX] stock has seen the most recent analyst activity on August 08, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $2.60. Previously, BofA Securities started tracking the stock with Neutral rating on November 01, 2021, and set its price target to $6. On March 12, 2021, Citigroup initiated with a Buy rating and assigned a price target of $20 on the stock. China Renaissance started tracking the stock assigning a Buy rating and suggested a price target of $30 on February 22, 2021.
RLX Technology Inc ADR experienced fluctuations in its stock price throughout the past year between $1.39 and $3.00. RLX Technology Inc ADR [NYSE: RLX] shares were valued at $2.07 at the most recent close of the market.
Analyzing the RLX fundamentals
Trailing Twelve Months sales for RLX Technology Inc ADR [NYSE:RLX] were 164.27M which represents 54.43% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.67%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.04 points at the first support level, and at 2.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.09, and for the 2nd resistance point, it is at 2.11.
RLX Technology Inc ADR [RLX] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.02 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.02 per share as compared to estimates of $0.01 per share, a difference of $0.01 representing a surprise of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RLX Technology Inc ADR [NYSE:RLX] is 13.44. As well, the Quick Ratio is 13.22, while the Cash Ratio is 4.12. Considering the valuation of this stock, the price to sales ratio is 12.66, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 37.70.
