RLX Technology (NYSE:RLX) Shares Up 0.2% - Time to Buy?

RLX Technology Inc. Sponsored ADR (NYSE:RLX - Get Free Report) was up 0.2% during trading on Monday . The company traded as high as $2.28 and last traded at $2.25. Approximately 690,980 shares were traded during trading, a decline of 67% from the average daily volume of 2,119,445 shares. The stock had previously closed at $2.24.

Analyst Ratings Changes

Several analysts recently weighed in on RLX shares. Wall Street Zen upgraded shares of RLX Technology from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Citigroup dropped their price target on RLX Technology from $2.50 to $2.25 and set a "neutral" rating for the company in a research note on Monday, May 19th.

RLX Technology Price Performance

The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 37.09 and a beta of 1.09. The stock has a 50 day moving average price of $2.23 and a 200-day moving average price of $2.11.

RLX Technology (NYSE:RLX - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). RLX Technology had a net margin of 21.38% and a return on equity of 4.05%. The business had revenue of $111.35 million during the quarter, compared to analyst estimates of $763.38 million.

Institutional Trading of RLX Technology

Large investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new stake in RLX Technology in the 4th quarter valued at $43,000. Ground Swell Capital LLC purchased a new stake in shares of RLX Technology during the 1st quarter worth approximately $47,000. Headlands Technologies LLC grew its position in shares of RLX Technology by 411.8% during the 1st quarter. Headlands Technologies LLC now owns 25,766 shares of the company's stock valued at $48,000 after purchasing an additional 20,732 shares in the last quarter. Bayesian Capital Management LP bought a new position in RLX Technology in the fourth quarter valued at $82,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in RLX Technology by 73.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,168 shares of the company's stock valued at $89,000 after buying an additional 17,060 shares during the last quarter. 22.68% of the stock is owned by institutional investors and hedge funds.

RLX Technology Company Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.