In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $2.30 in the prior trading day, RLX Technology Inc ADR (NYSE: RLX) closed at $2.26, down -1.74%. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 2.67 million shares were traded.
Ratios:
Our goal is to gain a better understanding of RLX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.31 and its Current Ratio is at 12.42. In the meantime, Its Debt-to-Equity ratio is 0.00 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, UBS on August 08, 2023, initiated with a Buy rating and assigned the stock a target price of $2.60.
On November 01, 2021, BofA Securities started tracking the stock assigning a Neutral rating and target price of $6.
On March 12, 2021, Citigroup started tracking the stock assigning a Buy rating and target price of $20.Citigroup initiated its Buy rating on March 12, 2021, with a $20 target price.
Valuation Measures:
As of this moment, RLX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.94, and their Forward P/E ratio for the next fiscal year is 19.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.26 while its Price-to-Book (P/B) ratio in mrq is 1.29.
Stock Price History:
Over the past 52 weeks, RLX has reached a high of $2.60, while it has fallen to a 52-week low of $1.50. The 50-Day Moving Average of the stock is 4.98%, while the 200-Day Moving Average is calculated to be 20.96%.
Shares Statistics:
A total of 962.89M shares are outstanding, with a floating share count of 884.97M. Insiders hold about 8.09% of the company’s shares, while institutions hold 19.28% stake in the company.
