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

2.20

Mkt cap

2.5B

Volume

High

2.20

P/E Ratio

33.00

52-wk high

2.69

Low

1.91

Div yield

0.00

52-wk low

1.50

Prime Medicine's stock surged 39.6% after announcing a collaboration with Bristol Myers Squibb. Other notable gainers include Uxin Limited, UP Fintech, Capricor Therapeutics, and several US-listed Chinese companies like NIO and Li Auto, driven by positive sentiment from Chinese economic data.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 2:58 pm

Several major stocks are moving lower in Friday's pre-market session. Applied Materials (AMAT) shares fell despite beating Q3 earnings estimates due to lower-than-expected Q4 revenue guidance. Sonida Senior Living (SNDA) shares dipped significantly after pricing its public offering. Other notable declines include Lumen Technologies (LUMN), Baytex Energy (BTE), U-BX Technology (UBXG), Pacific Biosciences (PACB), Amcor (AMCR), and RLX Technology (RLX).

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 12:30 pm

RLX Technology reported Q2 adjusted EPADS of $0.02, which met the estimate, but sales of $86.30M missed the $87.91M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 9:33 am

RLX Technology (NYSE:RLX) reported Q1 earnings per share of $0.02, beating the analyst consensus estimate of $0.02 by 10%. The company also reported quarterly sales of $76.40 million, surpassing the estimate of $74.11 million by 3.09%. This represents a significant 177.78% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:34 am

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

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