Streetbeat News

RLX

RLX Technology Inc.

https://www.relxtech.com

Industry

Tobacco

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. RLX Technology Inc. was founded in 2018 and is based in Beijing, China.

Open

1.75

Mkt cap

2.2B

Volume

5.6M

High

1.78

P/E Ratio

25.14

52-wk high

2.40

Low

1.72

Div yield

0.00

52-wk low

1.50

Several stocks are poised to capture investor attention today. RBC Bearings (RBC) is expected to report earnings of $2.36 per share on $413.51 million revenue. Applied Materials (AMAT) reported strong Q2 results and provided optimistic Q3 guidance. H World Group (HTHT) is anticipated to post earnings of 28 cents per share on $711.50 million revenue. Doximity (DOCS) exceeded Q4 expectations and provided strong Q1 revenue guidance. RLX Technology (RLX) is expected to report earnings of 2 cents per share on $74.11 million revenue.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 6:31 am

Investor optimism decreased slightly after economic reports, leading to a lower close for U.S. stocks on Thursday. The Dow Jones briefly surged above 40,000 but ended lower. Deere & Co reported strong earnings but lowered its 2024 outlook, while Walmart shares gained 7% on better-than-expected earnings. Investors are awaiting earnings results from H World Group, RLX Technology, and RBC Bearings.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 6:31 am

Citigroup analyst Lydia Ling has maintained a Buy rating on RLX Technology (NYSE:RLX) and increased the price target from $2.4 to $2.76.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:21 pm

RLX Technology Inc. (NYSE:RLX) shares rose in premarket trading after reporting Q4 adjusted earnings per ADS of $0.046, surpassing analyst expectations of $0.02, and revenue of $73.31 million, exceeding forecasts of $66.52 million. However, gross margin decreased to 23.7% from 43.6% due to a new excise tax and changes in revenue mix. The company also highlighted its strategic focus on integrating resources and optimizing its product portfolio in China.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 1:14 pm

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

RLX Technology reported Q4 adjusted earnings of $0.05 per share, surpassing the $0.02 estimate, and sales of $73.31M, exceeding the $66.52M estimate. This represents a significant increase over the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 9:34 am

Earnings reports for March 15, 2024, include a mix of expected quarterly losses and gains across various sectors. Notable companies like EHang Holdings, NeoGenomics, and Jabil are among those scheduled to report. The forecasts range from losses in sectors like technology and healthcare to gains in consumer goods and services.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:15 am

RLX Technology (NYSE:RLX) is scheduled to release its quarterly earnings report on March 15, 2024, with an estimated EPS of $0.02. Historical data shows variable stock price reactions to past earnings performances, with a 1.6% increase following the last quarter's beat. Shares are currently trading at $1.95, marking a 23.08% decline over the past year. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:00 pm

The WHO's latest tobacco trends report shows a global decline in tobacco use, with 1.25 billion adult users in 2022, down from 1 in 3 adults in 2000 to 1 in 5 today. Brazil and the Netherlands have made significant reductions following MPOWER measures. However, the rise of vaping among youth is causing regulatory concerns. The industry faces uncertainty as health organizations endorse vaping as a smoking alternative, but regulatory scrutiny increases. Major tobacco companies like Philip Morris International Inc (PM) and British American Tobacco Industries (BTI) are wary of potential regulations on new nicotine products.

Portfolio Pulse from Vandana Singh

January 16, 2024 | 7:21 pm

RLX Technology Inc (NYSE:RLX), a China-based e-vapor company, has announced the extension of its share repurchase program through December 31, 2025. The program, established in December 2021, allows for the repurchase of up to $500 million in ordinary shares represented by ADSs. As of December 28, 2023, RLX has repurchased approximately $193.5 million of its shares. The company plans to use its existing cash balance for further repurchases, with $2.074 billion in various cash forms reported as of September 30, 2023. RLX also recently invested about $25 million in two share purchase agreements to aid international expansion. RLX shares saw a 2.08% increase in premarket trading to $1.96.

Portfolio Pulse from Lekha Gupta

December 29, 2023 | 12:25 pm

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