During the recent session, RLX Technology Inc ADR (NYSE:RLX)’s traded shares were 0.64 million, with the beta value of the company hitting 0.91. At the last check today, the stock’s price was $1.75, reflecting an intraday gain of 0.86% or $0.01. The 52-week high for the RLX share is $2.40, that puts it down -37.14 from that peak though still a striking 14.29% gain since the share price plummeted to a 52-week low of $1.50. The company’s market capitalization is $1.69B, and the average intraday trading volume over the past 10 days was 14.85 million shares, and the average trade volume was 4.12 million shares over the past three months.
RLX Technology Inc ADR (RLX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RLX has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
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RLX Technology Inc ADR (NYSE:RLX) trade information
RLX Technology Inc ADR (RLX) registered a 0.86% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.86% in intraday trading to $1.75, hitting a weekly high. The stock’s 5-day price performance is -0.28%, and it has moved by 5.09% in 30 days. Based on these gigs, the overall price performance for the year is 7.67%. The short interest in RLX Technology Inc ADR (NYSE:RLX) is 17.56 million shares and it means that shorts have 4.81 day(s) to cover.
RLX Technology Inc ADR (RLX) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then drop -40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 67.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 104.86M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 105.08M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 59.51M and 73.23M respectively. In this case, analysts expect current quarter sales to grow by 76.20% and then jump by 43.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 90.13%. While earnings are projected to return 75.27% in 2024, the next five years will return 12.71% per annum.
RLX Dividends
RLX Technology Inc ADR is due to release its next quarterly earnings on 2024-Nov-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for RLX Technology Inc ADR is 0.01, with the dividend yield indicating at 0.57 percent, continuing the trend of increasing dividends in recent years.
RLX Technology Inc ADR (NYSE:RLX)’s Major holders
The next largest institutional holding, with 31.75 million shares, is of VANGUARD GROUP INC’s that is approximately 2.541% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $58.41 million.
