There Is Still Room For RLX Technology Inc. (RLX) to Improve Its Value – Let’s Wait for Clarity

The closing price of RLX Technology Inc. (NYSE: RLX) was 1.23 for the day, up 5.13% from the previous closing price of $1.17. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 7097301 shares were traded. RLX reached its highest trading level at $1.3000 during the session, while it also had its lowest trading level at $1.1800.

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Our analysis of RLX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.90 and its Current Ratio is at 5.00. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on November 01, 2021, initiated with a Neutral rating and assigned the stock a target price of $6.

On March 12, 2021, Citigroup started tracking the stock assigning a Buy rating and target price of $20.

On February 22, 2021, China Renaissance started tracking the stock assigning a Buy rating and target price of $30.China Renaissance initiated its Buy rating on February 22, 2021, with a $30 target price.

Valuation Measures:

As of this moment, RLX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.93, and their Forward P/E ratio for the next fiscal year is 5.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 0.85.

Stock Price History:

Over the past 52 weeks, RLX has reached a high of $6.47, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is 1.5458, while the 200-Day Moving Average is calculated to be 2.3902.

Shares Statistics:

RLX traded an average of 5.29M shares per day over the past three months and 3.54M shares per day over the past ten days. A total of 1.34B shares are outstanding, with a floating share count of 564.01M. Insiders hold about 39.34% of the company’s shares, while institutions hold 30.80% stake in the company. Shares short for RLX as of Jul 14, 2022 were 21.11M with a Short Ratio of 4.32, compared to 24.81M on Jun 14, 2022.

Earnings Estimates

The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0.18 and $0.14 for the fiscal current year, implying an average EPS of $0.16. EPS for the following year is $0.21, with 3 analysts recommending between $0.24 and $0.19.

Revenue Estimates

A total of 3 analysts have provided revenue estimates for RLX’s current fiscal year. The highest revenue estimate was $933M, while the lowest revenue estimate was $799.05M, resulting in an average revenue estimate of $872.53M. In the same quarter a year ago, actual revenue was $1.25B, down -30.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.15B in the next fiscal year. The high estimate is $1.36B and the low estimate is $956.39M. The average revenue growth estimate for next year is up 31.70% from the average revenue estimate for this year.