Free Trial

RLX Technology (NYSE:RLX) Downgraded by Citigroup to Neutral

RLX Technology logo with Consumer Discretionary background
Remove Ads

Citigroup downgraded shares of RLX Technology (NYSE:RLX - Free Report) from a buy rating to a neutral rating in a report issued on Monday morning, MarketBeat Ratings reports. They currently have $2.50 target price on the stock, down from their previous target price of $2.80.

RLX Technology Stock Up 6.4 %

RLX traded up $0.13 during trading on Monday, reaching $2.09. 13,160,358 shares of the company's stock were exchanged, compared to its average volume of 4,566,496. RLX Technology has a fifty-two week low of $1.50 and a fifty-two week high of $2.69. The business has a 50 day moving average price of $2.27 and a 200 day moving average price of $1.97. The company has a market capitalization of $3.28 billion, a P/E ratio of 52.14 and a beta of 0.93.

RLX Technology (NYSE:RLX - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). The company had revenue of $111.46 million for the quarter, compared to the consensus estimate of $764.69 million. RLX Technology had a net margin of 15.70% and a return on equity of 2.48%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Centiva Capital LP bought a new stake in RLX Technology during the 3rd quarter worth about $29,000. Janney Montgomery Scott LLC acquired a new position in shares of RLX Technology during the 4th quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of RLX Technology during the 4th quarter worth about $42,000. Boothbay Fund Management LLC acquired a new position in shares of RLX Technology during the 4th quarter worth about $43,000. Finally, Catalina Capital Group LLC acquired a new position in shares of RLX Technology during the 4th quarter worth about $63,000. 22.68% of the stock is owned by institutional investors.

Remove Ads

RLX Technology Company Profile

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in RLX Technology Right Now?

Before you consider RLX Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RLX Technology wasn't on the list.

While RLX Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

SMCI’s Rally Isn’t Over – Here’s Why It Could Hit $100!
7 Flying Car Stocks to Buy Before the Sector Really Takes Off
Institutions Are Dumping These 3 Stocks—Should You?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads