Time to Buy Beat-Down RLX Technology Inc. (RLX) Stock? Here is the INSIGHT – Invest Chronicle
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Time to Buy Beat-Down RLX Technology Inc. (RLX) Stock? Here is the INSIGHT

At the end of the latest market close, RLX Technology Inc. (RLX) was valued at $9.94. In that particular session, Stock kicked-off at the price of $9.78 while reaching the peak value of $11.00 and lowest value recorded on the day was $9.78. The stock current value is $10.83.

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Recently in News on May 11, 2021, INVESTIGATION ALERT: National Shareholder Rights Firm Labaton Announces it is Investigating Claims Against RLX Technology Inc. and Encourages Investors with Losses to Contact the Firm. Labaton Sucharow, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of RLX Technology Inc. (“RLX” or “the Company”) (NYSE:RLX) for violations of the securities laws. You can read further details here


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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, RLX Technology Inc. shares are logging -69.06% during the 52-week period from high price, and 37.26% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.89 and $35.00.

The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 5583721 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the RLX Technology Inc. (RLX) recorded performance in the market was -63.30%, having the revenues showcasing -51.91% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 16.58B, as it employees total of 725 workers.

The Analysts eye on RLX Technology Inc. (RLX)

During the last month, 3 analysts gave the RLX Technology Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RLX is recording 0.62 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical rundown of RLX Technology Inc. (RLX)

Raw Stochastic average of RLX Technology Inc. in the period of last 50 days is set at 21.54%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 51.36%. In the last 20 days, the company’s Stochastic %K was 47.61% and its Stochastic %D was recorded 51.72%.

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Considering, the past performance of RLX Technology Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -63.30%. The shares increased approximately by 3.04% in the 7-day charts and went down by 26.52% in the period of the last 30 days. Common stock shares were lifted by -51.91% during last recorded quarter.

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