In the last trading session, 12.13 million shares of the RLX Technology Inc ADR (NYSE:RLX) were traded, and its beta was 0.89. Most recently the company’s share price was $1.88, and it changed around $0.01 or 0.53% from the last close, which brings the market valuation of the company to $1.81B. RLX currently trades at a discount to its 52-week high of $2.40, offering almost -27.66% off that amount. The share price’s 52-week low was $1.50, which indicates that the current value has risen by an impressive 20.21% since then. We note from RLX Technology Inc ADR’s average daily trading volume that its 10-day average is 15.01 million shares, with the 3-month average coming to 3.84 million.
RLX Technology Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RLX as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. RLX Technology Inc ADR is expected to report earnings per share of 0.03 for the current quarter.
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RLX Technology Inc ADR (NYSE:RLX) trade information
Instantly RLX has showed a green trend with a performance of 0.53% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9500 on recent trading dayincreased the stock’s daily price by 3.59%. The company’s shares are currently down -6.00% year-to-date, but still up 9.94% over the last five days. On the other hand, RLX Technology Inc ADR (NYSE:RLX) is 11.24% up in the 30-day period. We can see from the shorts that 18.52 million shares have been sold at a short interest cover period of 8.09 day(s).
RLX Technology Inc ADR (RLX) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report a decrease of -40.00% in the next quarter. The year-over-year growth rate is expected to be 69.00%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 105.77M in revenue for the current quarter. 2 analysts expect RLX Technology Inc ADR to make 105.99M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 59.51M and 73.23M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 77.70%. Forecasts for the next quarter put sales growth at 44.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 90.13%. RLX Technology Inc ADR earnings are expected to increase by 74.74% in 2024, but the outlook is positive 12.71% per year for the next five years.
RLX Dividends
RLX Technology Inc ADR’s next quarterly earnings report is expected to be released in November.
VANGUARD GROUP INC, with 2.541% or 31.75 million shares worth $58.41 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
