RLX Technology Inc ADR (NYSE: RLX) stock fell -1.48% on Friday to $2.00 against a previous-day closing price of $2.03. With 9.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.1 million shares. During the session, the Tobacco company that operates in wider Consumer Defensive sector, reached to the highest price of $2.0700 whereas the lowest price it dropped to was $1.9700. The 52-week range on RLX shows that it touched its highest point at $3.06 and its lowest point at $1.39 during that stretch. It currently has a 1-year price target of $2.80. Beta for the stock currently stands at 0.86.
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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 21.95%, but this was up by 25.79% over a month. Three-month performance surged to 34.23% while six-month performance fell -13.42%. The stock gained 38.89% in the past year, while it has lost -13.04% so far this year. A look at the trailing 12-month EPS for RLX yields 0.01 with Next year EPS estimates of 0.08. For the next quarter, that number is 0.02. This implies an EPS growth rate of -65.95% for this year and 48.81% for next year.
Float and Shares Shorts:
At present, 1.00 billion RLX shares are outstanding with a float of 921.16 million shares on hand for trading. On Oct 30, 2023, short shares totaled 36.67 million, which was 2.33% higher than short shares on Sep 28, 2023. 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.
Institutional Ownership:
Through their ownership of 27.93% of RLX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.73% of RLX, in contrast to 20.61% held by mutual funds. As the largest shareholder in RLX with 4.78% of the stake, Goldman Sachs & Co. LLC holds 48,041,485 shares worth 48,041,485. A second-largest stockholder of RLX, Morgan Stanley & Co. LLC, holds 31,661,211 shares, controlling over 3.15% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in RLX, holding 24,610,054 shares or 2.45% stake. With a 1.12% stake in RLX, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 11,275,259 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.11% of RLX stock, is the second-largest Mutual Fund holder. It holds 11,182,444 shares valued at 19.01 million. Fidelity China Special Situations holds 0.56% of the stake in RLX, owning 5,653,384 shares worth 9.61 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RLX since 0 analysts follow the stock currently. 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 $29.09 and a low target of $16.65, the average target price over the next 12 months is $20.38. Based on these targets, RLX could surge 1354.5% to reach the target high and rise by 732.5% to reach the target low. Reaching the average price target will result in a growth of 919.0% from current levels.
