RLX Technology (NYSE:RLX) Shares Gap Up - Time to Buy?

Shares of RLX Technology Inc. Sponsored ADR (NYSE:RLX - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $2.33, but opened at $2.47. RLX Technology shares last traded at $2.4950, with a volume of 2,760,194 shares trading hands.Get RLX Technology alerts:Analyst Upgrades and DowngradesRLX has been the topic of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of RLX Technology in a report on Wednesday, October 8th. Wall Street Zen upgraded RLX Technology from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $2.25.Read Our Latest Report on RLX TechnologyRLX Technology Trading Up 7.5%The stock has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.27. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 35.79 and a beta of 1.10. RLX Technology (NYSE:RLX - Get Free Report) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). RLX Technology had a net margin of 22.32% and a return on equity of 4.54%. RLX Technology Announces DividendThe business also recently declared an annual dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.01 per share. This represents a yield of 38.0%. The ex-dividend date was Friday, September 12th. RLX Technology's dividend payout ratio (DPR) is currently 14.29%. Institutional Inflows and OutflowsA number of large investors have recently modified their holdings of RLX. Vanguard Group Inc. boosted its holdings in RLX Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,935,598 shares of the company's stock worth $52,519,000 after buying an additional 156,350 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in RLX Technology by 10.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 866,827 shares of the company's stock valued at $1,630,000 after purchasing an additional 82,413 shares in the last quarter. Headlands Technologies LLC boosted its stake in RLX Technology by 411.8% during the 1st quarter. Headlands Technologies LLC now owns 25,766 shares of the company's stock worth $48,000 after purchasing an additional 20,732 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of RLX Technology by 113.3% during the first quarter. Hosking Partners LLP now owns 2,093,781 shares of the company's stock worth $3,936,000 after buying an additional 1,112,248 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in RLX Technology by 73.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,390,852 shares of the company's stock worth $2,615,000 after purchasing an additional 589,748 shares in the last quarter. Institutional investors and hedge funds own 22.68% of the company's stock. About RLX Technology (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 StoriesFive stocks we like better than RLX TechnologyUtilities Stocks Explained – How and Why to Invest in UtilitiesLightPath Stock Eyes 50% Upside on Defense Demand SurgeWhy Are Stock Sectors Important to Successful Investing?CRWD Stock Hits Key Inflection Point Ahead of EarningsInvesting in Travel Stocks BenefitsRigetti’s Q3 Miss Reveals Quantum Funding and Timing PressuresThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.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