Let’s look at the key reasons that are pushing RLX Technology Inc ADR (RLX) to new highs

RLX Technology Inc ADR (NYSE: RLX) on November 20, 2023, started off the session at the price of $2.04, soaring 17.50% from the previous trading day. During the day, the shares moved up to $2.385 and dropped to $2.04 before settling in for the closing price of $2.00. Within the past 52 weeks, RLX’s price has moved between $1.39 and $3.06.

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Consumer Defensive Sector giant saw their annual sales surged by 81.63% over the last five years. The company achieved an average annual earnings per share of -66.19%. With a float of $921.16 million, this company’s outstanding shares have now reached $1.00 billion.

The firm has a total of 707 workers. Let’s measure their productivity. In terms of profitability, gross margin is +43.66, operating margin of +20.14, and the pretax margin is +33.72.

RLX Technology Inc ADR (RLX) Breakdown of a Key Holders of the stock

Observing investor behavior towards Tobacco industry stocks is more important than anything else. The insider ownership of RLX Technology Inc ADR is 8.28%, while institutional ownership is 26.41%.

RLX Technology Inc ADR (RLX) Recent Fiscal highlights

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.02 earnings per share (EPS) for the period topping the consensus outlook (set at $0.01) by $0.01. This company achieved a net margin of +27.30 while generating a return on equity of 9.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -66.19% per share during the next fiscal year.

RLX Technology Inc ADR (NYSE: RLX) Trading Performance Indicators

RLX Technology Inc ADR (RLX) is currently performing well based on its current performance indicators. A quick ratio of 14.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.59.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.08 in one year’s time.

Technical Analysis of RLX Technology Inc ADR (RLX)

Analysing the last 5-days average volume posted by the [RLX Technology Inc ADR, RLX], we can find that recorded value of 14.87 million was better than the volume posted last year of 8.25 million. As of the previous 9 days, the stock’s Stochastic %D was 88.08%. Additionally, its Average True Range was 0.13.

During the past 100 days, RLX Technology Inc ADR’s (RLX) raw stochastic average was set at 96.48%, which indicates a significant increase from 95.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.59% in the past 14 days, which was higher than the 60.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.63, while its 200-day Moving Average is $1.94. Now, the first resistance to watch is $2.48. This is followed by the second major resistance level at $2.60. The third major resistance level sits at $2.82. If the price goes on to break the first support level at $2.13, it is likely to go to the next support level at $1.91. Now, if the price goes above the second support level, the third support stands at $1.79.

RLX Technology Inc ADR (NYSE: RLX) Key Stats

Market capitalization of the company is 2.36 billion based on 1,570,791K outstanding shares. Right now, sales total 765,540 K and income totals 208,960 K. The company made 37,270 K in profit during its latest quarter, and 27,970 K in sales during its previous quarter.

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