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

On Friday, RLX Technology Inc ADR (NYSE: RLX) opened lower -1.20% from the last session, before settling in for the closing price of $1.67. Price fluctuations for RLX have ranged from $1.41 to $2.40 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 41.82%. Company’s average yearly earnings per share was noted 72.00% at the time writing. With a float of $881.30 million, this company’s outstanding shares have now reached $962.89 million.

Considering the fact that the conglomerate employs 1235 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 28.59%, operating margin of -14.62%, and the pretax margin is 39.81%.

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

A key investor’s attitude towards the stock of the Tobacco industry is another important factor to consider. The insider ownership of RLX Technology Inc ADR is 8.47%, while institutional ownership is 21.38%.

RLX Technology Inc ADR (RLX) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 72.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.71% during the next five years compared to 90.13% growth over the previous five years of trading.

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

Check out the current performance indicators for RLX Technology Inc ADR (RLX). In the past quarter, the stock posted a quick ratio of 14.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.35.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07 and is forecasted to reach 0.12 in one year’s time.

Technical Analysis of RLX Technology Inc ADR (RLX)

Compared to the last year’s volume of 3.99 million, its volume of 1.42 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 39.63%. Additionally, its Average True Range was 0.06.

During the past 100 days, RLX Technology Inc ADR’s (RLX) raw stochastic average was set at 21.74%, which indicates a significant increase from 15.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.77% in the past 14 days, which was higher than the 32.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7112, while its 200-day Moving Average is $1.8726. Nevertheless, the first resistance level for the watch stands at $1.6767 in the near term. At $1.7033, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7167. If the price goes on to break the first support level at $1.6367, it is likely to go to the next support level at $1.6233. Now, if the price goes above the second support level, the third support stands at $1.5967.

RLX Technology Inc ADR (NYSE: RLX) Key Stats

There are currently 1,570,791K shares outstanding in the company with a market cap of 1.59 billion. Presently, the company’s annual sales total 175,220 K according to its annual income of 75,260 K. Last quarter, the company’s sales amounted to 76,860 K and its income totaled 18,210 K.