Now Is The Time To Build A Position In RLX Technology Inc ADR (NYSE:RLX)

RLX Technology Inc ADR (NYSE:RLX)’s traded shares stood at 0.44 million during the latest session, with the company’s beta value hitting 0.91. At the last check today, the stock’s price was $1.60, to imply a decrease of -0.31% or $0.0 in intraday trading. The RLX share’s 52-week high remains $2.40, putting it -50.0% down since that peak but still an impressive 6.25% since price per share fell to its 52-week low of $1.50. The company has a valuation of $1.54B, with an average of 4.5 million shares in intraday trading volume over the past 10 days and average of 4.56 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for RLX Technology Inc ADR (RLX), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give RLX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.

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RLX Technology Inc ADR (NYSE:RLX) trade information

After registering a -0.31% downside in the latest session, RLX Technology Inc ADR (RLX) has traded red over the past five days. The 5-day price performance for the stock is -3.33%, and -14.71% over 30 days. With these gigs, the year-to-date price performance is -20.25%. Short interest in RLX Technology Inc ADR (NYSE:RLX) saw shorts transact 17.56 million shares and set a 4.81 days time to cover.

RLX Technology Inc ADR (RLX) estimates and forecasts

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 90.13% for the past 5-year period. While 2024 is set for a 76.25% return in earnings, projections for the next 5 years are at 12.71% annually.

RLX Dividends

RLX Technology Inc ADR has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. RLX Technology Inc ADR has a forward dividend ratio of 0.01, with the share yield ticking at 0.63% to continue the rising pattern observed over the past year.

RLX Technology Inc ADR (NYSE:RLX)’s Major holders

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 31.75 million shares, or about 2.541% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $58.41 million.

We also have Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the RLX Technology Inc ADR (RLX) shares. Going by data provided on Jul 31, 2024, Vanguard International Stock Index-Total Intl Stock Indx holds roughly 11.46 shares. This is just over 0.91% of the total shares, with a market valuation of $18.34 million. Data from the same date shows that the other fund manager holds a little less at 10.82, or 0.86% of the shares, all valued at about 17.31 million.