RLX Technology (RLX, Financial), a prominent player in the electronic cigarette market, witnessed a significant stock movement with a 5.16% increase. The stock is currently priced at $2.24 per share with a trading volume of 3.37 million shares and a turnover rate of 0.27%. The stock's amplitude is noted at 4.13%.
Recent financial reports reveal that RLX Technology achieved a revenue of $94.78 million and a net profit of $23.11 million, translating to an earnings per share (EPS) of $0.02. The gross profit stood at $28.74 million, with a price-to-earnings (P/E) ratio of 31.72.
Analyst ratings for RLX are overwhelmingly positive, with all five participating institutions recommending a buy, and none suggesting a hold or sell. Within the tobacco industry, where RLX operates, the overall sector saw a moderate increase of 0.43%.
Other significant movers in the sector include Kaival Brands Innovations Group, Inc., Turning Point Brands, Inc., and 22Nd Century Group, Inc. Kaival Brands Innovations Group, Inc. exhibited notable activity with a turnover rate of 28.38% and an amplitude of 10.92%.
RLX Technology is known for producing electronic cigarette products for adult smokers, featuring an integrated offline distribution model tailored specifically for the Chinese market.
