RLX Technology stock sank as much as 45% on Monday before mounting a mild recovery. The stock fell after Chinese regulators said they will be adding restrictions to e-cigarette sales.
Full Answer
Why is RLX technology (RLX) down today?
Shares of RLX Technology ( RLX -7.83% ) were falling sharply today after the Chinese vaping company posted fourth-quarter earnings results this morning. Ongoing tensions around vaping regulations in China and broader fears about Chinese stocks seemed to be the primary reasons for the sell-off today.
Is RLX benefiting from China stocks'recent pullback?
After a day of brutal sell-offs yesterday, RLX is benefiting from some rebound momentum. Chinese stocks got hit with their worst daily pullback since 2008 on Monday, but some companies in the category are bouncing back in today's trading.
Where can I buy RLX shares?
Shares of RLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is RLX technology's short-interest ratio?
Based on an average trading volume of 12,910,000 shares, the short-interest ratio is currently 2.8 days. Approximately 5.3% of the company's shares are short sold. View RLX Technology's Short Interest.
Why is RLX dropping?
Shares of RLX Technology (RLX -0.22%) were falling sharply today after the Chinese vaping company posted fourth-quarter earnings results this morning. Ongoing tensions around vaping regulations in China and broader fears about Chinese stocks seemed to be the primary reasons for the sell-off today.
Will the RLX stock go up?
The 4 analysts offering 12-month price forecasts for RLX Technology Inc have a median target of 3.50, with a high estimate of 14.96 and a low estimate of 1.43. The median estimate represents a +51.78% increase from the last price of 2.31.
Is RLX a good investment?
RLX Technology has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
What does RLX technology do?
RLX Technology Inc. operates as an e-vapor company. The Company offers product development, research, supply chain management, and offline distribution services.
Is RLX undervalued?
Based on Macroaxis valuation methodology, the company appears to be overvalued.
Where is RLX technology based?
RLX Technologies was a computer company based in The Woodlands, Texas.
Should I buy or sell RLX Technology stock right now?
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RLX Technology in the last twelve months. There are currently 1 h...
What is RLX Technology's stock price forecast for 2022?
2 equities research analysts have issued 12-month target prices for RLX Technology's shares. Their forecasts range from $6.00 to $6.00. On average,...
How has RLX Technology's stock price performed in 2022?
RLX Technology's stock was trading at $3.90 at the beginning of 2022. Since then, RLX stock has decreased by 41.0% and is now trading at $2.30. Vi...
When is RLX Technology's next earnings date?
RLX Technology is scheduled to release its next quarterly earnings announcement on Friday, August 19th 2022. View our earnings forecast for RLX Te...
Who are RLX Technology's key executives?
RLX Technology's management team includes the following people: Ms. Wang Ying , Co-founder, Chairperson of the Board of Directors & CEO (Age 40)...
Who are some of RLX Technology's key competitors?
Some companies that are related to RLX Technology include Vector Group (VGR) , 22nd Century Group (XXII) , BOTS (BTZI) , Electronic Cigarettes...
When did RLX Technology IPO?
(RLX) raised $1 billion in an initial public offering on Thursday, January 21st 2021. The company issued 116,500,000 shares at a price of $8.00-$10...
What is RLX Technology's stock symbol?
RLX Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "RLX."
Who are RLX Technology's major shareholders?
RLX Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.82%), Vang...
About RLX Technology
RLX Technology Inc., together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China. It serves RELX branded partner stores and other retail outlets through distributors. The company was founded in 2018 and is based in Beijing, China. RLX Technology Inc.
RLX Technology (NYSE:RLX) Frequently Asked Questions
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RLX Technology in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock.
The Chinese vaping specialist reports first-quarter results as regulatory fears linger
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of RLX Technology ( NYSE:RLX) sank by as much as 10% today after the company reported first-quarter earnings. As of 11:30 a.m. EDT, the stock was still down 8%.
So what
Revenue in the first quarter increased 48% to $366.1 million, which resulted in adjusted net income of $93.2 million, or $0.06 per American depositary share (ADS). The Chinese consumer discretionary company, which sells vaping products in China, attributed the growth to higher sales to offline distributors.
Now what
Guidance for the second quarter calls for revenue of at least 2.85 billion yuan ($446.6 million based on current exchange rates) and adjusted net income of 720 million yuan ($112.8 million based on current exchange rates). Gross margin is expected to "remain steady."
About RLX Technology
RLX Technology Inc. (RLX) is the leading brand of e-vapors products in the People’s Republic of China.RLX operating areas include research, development, manufacturing, and distribution of e-vapors products in China. RLX Technology is founded in 2018 and headquartered in Beijing, China.
Conclusion
The recent news about the governing laws for the sale of e-cigarettes and other tobacco products has added pain to the RLX stock as RLX Technology stock fell more than 41.11% in Monday’s current market session.