RLX Technology Inc. (NYSE: RLX) stock jumped 0.74% on Friday to $2.73 against a previous-day closing price of $2.71. With 10.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.6 million shares. During the session, the Tobacco company that operates in wider Consumer Defensive sector, reached to the highest price of $2.8800 whereas the lowest price it dropped to was $2.7000. The 52-week range on RLX shows that it touched its highest point at $3.97 and its lowest point at $0.90 during that stretch. It currently has a 1-year price target of $4.81.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RLX was up-trending over the past week, with a rise of 1.49%, but this was up by 15.19% over a month. Three-month performance surged to 157.55% while six-month performance rose 33.17%. The stock lost -25.41% in the past year, while it has gained 18.70% so far this year. A look at the trailing 12-month EPS for RLX yields 0.24 with Next year EPS estimates of 0.12.
Float and Shares Shorts:
At present, 1.32 billion RLX shares are outstanding with a float of 564.01 million shares on hand for trading. On Oct 13, 2022, short shares totaled 30.92 million, which was 2.00% higher than short shares on Sep 14, 2022. In addition to Ms. Wang Ying as the firm’s Co-founder, Chairperson of the Board of Directors & CEO, Mr. Jiang Long serves as its Co-founder & Director.
Through their ownership of 30.85% of RLX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.19% of RLX, in contrast to 17.45% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in RLX with 4.42% of the stake, Wildcat Capital Management LLC holds 30,893,022 shares worth 30,893,022. A second-largest stockholder of RLX, The Vanguard Group, Inc., holds 21,180,624 shares, controlling over 3.03% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in RLX, holding 14,066,606 shares or 2.01% stake. With a 1.42% stake in RLX, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 9,930,784 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.37% of RLX stock, is the second-largest Mutual Fund holder. It holds 9,596,008 shares valued at 22.07 million. iShares Core MSCI Emerging Market holds 0.64% of the stake in RLX, owning 4,500,207 shares worth 10.35 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RLX since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RLX analysts setting a high price target of $65.81 and a low target of $18.41, the average target price over the next 12 months is $42.11. Based on these targets, RLX could surge 2310.62% to reach the target high and rise by 574.36% to reach the target low. Reaching the average price target will result in a growth of 1442.49% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RLX will report FY 2022 earnings on 03/08/2024. Analysts have provided yearly estimates in a range of $1.09 being high and $1.06 being low. For RLX, this leads to a yearly average estimate of $1.08.