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RLX TECHNOLOGY INC.

(RLX)
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RLX Technology Shares Rally on $500 Million Buyback Plan

12/08/2021 | 10:19am EST

By Colin Kellaher

Shares of RLX Technology Inc. rose nearly 15% Wednesday after the maker of e-vapor products said its board authorized the repurchase of up to $500 million in stock.

The Beijing company, which currently has about 727.7 million shares outstanding, sports a market capitalization topping $6 billion.

RLX said the buyback authorization extends until the end of 2023, adding that it will fund repurchases with cash on hand.

RLX shares were recently changing hands at $4.47, up 14.3%. The stock is down roughly 87% from a 52-week high of $35 in January and touched a 52-week low of $3.30 Monday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

12-08-21 1019ET

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Analyst Recommendations on RLX TECHNOLOGY INC.
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Financials
Sales 2021 8 835 M 1 394 M 1 394 M
Net income 2021 1 894 M 299 M 299 M
Net Debt 2021 - - -
P/E ratio 2021 17,4x
Yield 2021 -
Capitalization 30 891 M 4 872 M 4 874 M
Capi. / Sales 2021 3,50x
Capi. / Sales 2022 2,58x
Nbr of Employees 725
Free-Float -
Chart RLX TECHNOLOGY INC.
Duration : Period :
RLX Technology Inc. Technical Analysis Chart | RLX | US74969N1037 | MarketScreener
Technical analysis trends RLX TECHNOLOGY INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 22,95 CNY
Average target price 70,08 CNY
Spread / Average Target 205%
EPS Revisions
Managers and Directors
Ying Wang Chairman & Chief Executive Officer
Chao Lu Chief Financial Officer
Zhenjing Zhu Independent Director
You Min Xi Independent Director
Long Jiang Co-Founder
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