RLX Technology Inc. (NYSE: RLX) Jumps 0.40% In Recent Trade, What Does The Future Hold?

RLX Technology Inc. (NYSE:RLX) price closed higher on Monday, November 15, jumping 0.40% above its previous close.

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A look at the daily price movement shows that the last close reads $4.98, with intraday deals fluctuated between $4.79 and $5.18. The company’s P/E ratio in the trailing 12-month period read 116.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $35.00 and 52-week low of $3.70. The stock subtracted -7.41% on its value in the past month.

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RLX Technology Inc., which has a market valuation of $6.07 billion, is expected to release its quarterly earnings report Jun 02, 2021. Analysts tracking RLX have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0.26 for the year 2021 and up to $0.39 for 2022. In this case, analysts estimate an annual EPS growth of 188.90% for the year and 50.00% for the next year.

Staying with the analyst view, there is a consensus estimate of $1.58 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 164.30% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RLX a short term outlook of 75% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned RLX a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the RLX Technology Inc. (RLX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.92. The overview shows that RLX’s price is at present -1.29% off the SMA20 and -0.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.35, with weekly volatility standing at 10.93%. The indicator jumps to 8.39% when calculated based on the past 30 days. RLX Technology Inc. (NYSE:RLX)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.46. Considering analysts have assigned the stock a price target range of $38.40-$195.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $93.93. Based on this estimate, we see that current price is roughly -668.0% off the estimated low and -3800.0% off the forecast high. Investors will no doubt be excited to see the share price fall to $71.15, which is the median consensus price, and at that level RLX would be -1323.0% from current price.

An analysis of the RLX Technology Inc. (NYSE:RLX) stock in terms of its daily trading volume indicates that the 3-month average is 10.70 million.

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Current records show that the company has 1.39B in outstanding shares. The insiders’ percentage holdings are 0.34% of outstanding shares while the percentage share held by institutions stands at 15.70%. But the -83.06% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.