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RLX Technology Inc.
RLX Details
RLX Technology Inc. (NYSE: RLX) operates as an e-vapor company in China, engaged in developing e-vapor products. RLX creates e-vapor products by combining proprietary technology, product development expertise, and understanding adult smokers' needs. It sells its products using a "branded store plus" retail strategy customized to China's e-vapor market. The company's American Depositary Shares (ADS) were listed on the NYSE on January 22, 2021, at an IPO price of USD 12.00 per ADS, with each ADS representing one Class A ordinary share.
Latest News:
H1FY21 Results:
Key Risks:
Valuation Methodology: Price/Sales Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
RLX Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
RLX's share price has fallen 80.65% in the past nine months and is currently trading close to the lower band of the 52-week range of USD 3.70 to USD 35.00. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 36.52. We have valued the stock using the Price/Sales-based relative valuation methodology and arrived at a target price of USD 5.34.
Considering the company's track record, market dominance, robust financials, and other associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 4.27, down 2.40% as of November 08, 2021, 2:45 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.