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How to Buy Rlx Technology Stock

Rlx Technology Inc

Rlx Technology is a tobacco company located in China, which is part of the Consumer Defensive sector, and is traded under the ticker RLX on the NYSE exchange.

Rlx Technology stock last closed at $2.20, down 11.65% from the previous day, and has decreased 27.87% in one year. It has underperformed other stocks in the Tobacco industry by 0.22 percentage points. Rlx Technology stock is currently +144.17% from its 52-week low of $0.90, and -44.58% from its 52-week high of $3.97.

At the moment, there are 1.32B shares of RLX outstanding. The market value of RLX is $2.91B. In the last 24 hours, 10.09M RLX shares were traded.

How to Buy Rlx Technology Stock

Not sure how to invest in Rlx Technology stock? Here's how.
  1. Decide where to buy Rlx Technology stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Rlx Technology stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your method of payment and add your information.
  4. Evaluate Rlx Technology stock: The Rlx Technology ticker symbol is RLX. Is Rlx Technology stock a good investment? Should you buy shares of RLX? How do RLX's underlying business fundamentals look? Do top analysts think Rlx Technology is a good buy? Why has RLX's stock price moved recently? (Hint: Our stock market research tools can help you figure out if RLX is a good stock to buy).
  5. Place your RLX trade: Decide if you will purchase RLX shares at the current market price or use a limit order to purchase RLX stock at a given price.
  6. Get notifications regarding your RLX position: Create a watchlist to watch your new investment in Rlx Technology shares.

Step 1: Decide where to buy Rlx Technology stock

You need a brokerage account to access the NYSE market and buy RLX stock.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Create your brokerage account

Now that you've chosen the right brokerage, you'll need to fill out some personal details so you can buy RLX today.

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  1. Click here to get started.
  2. Input your personal data to start a new trading account.
  1. Submit your information by clicking the "Create Account" button.
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Step 3: Fund your investment account

Now that you've finished signing up on a good stock buying app, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of depositing money into your investment account.

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Step 4: Evaluate Rlx Technology stock

After you have figured out the best place to buy Rlx Technology stock, it's critical to evaluate their stock before you buy, so you truly understand the risk as well as the upside.

Rlx Technology Numbers

RLX Price
$2.20
1w %
-15.06%
1y %
-27.87%
5y %
N/A
P/E
9.73x
P/B
1.34x
P/S
3.03x
PEG
0.03x
Revenue
$959.27M
Earnings
$300.87M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$2.91B
Next Earnings
Mar 9, 2023
Next Dividend
N/A

RLX Due Diligence Checks

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis.

You can see all of the due diligence checks on RLX's stock page.

What is the fair value of RLX stock?

Analysts use many financial metrics, analyses, models, and charts to gauge RLX's fair value.

Using relative valuations measures:

  • RLX could be undervalued based on its P/E ratio of 9.73x, relative to Tobacco industry P/E ratio of 16.79x
  • RLX could be undervalued based on its P/B ratio of 1.34x, relative to Tobacco industry P/B ratio of 4.5x
  • RLX may be undervalued based on its PEG ratio of 0.03x

You can access more valuation research on RLX's stock here.

RLX Financial Health Overview

Positive Health Checks:

  • RLX earnings of $351.90M is not enough to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the RLX balance sheet.
  • RLX profit margin has gone up from 15.7% to 31.4% in the past year.
  • RLX's operating cash flow of $167.10M allows it to safely service it's debt of $27.69M.
  • There are more short-term assets than long-term liabilities on the RLX balance sheet.
  • RLX has a low debt to equity ratio of 0.09.

Do Wall Street analysts think it's a good time to buy Rlx Technology stock

Out of 1 Equities analysts who give recommendations on RLX, the consensus analyst rating on RLX is a Hold

It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are forecasting on the Rlx Technology stock forecast page.

RLX Technical Indicators

SMA10
4.47
SMA20
4.47
SMA50
4.66
SMA100
4.71
SMA200
5.12
MACD
-0.01
MACD Signal
-0.06
MACD Histogram
0.05
RSI
58.7
Stochastic %K
83.36
Stochastic %D
72.48
StochRSI %K
100
StochRSI %D
92.62

How is RLX performing as a company?

Last year, RLX earnings were $300.87M. During the past 2 year, RLX's earnings have grown by 513.73% per year. This was faster than the Tobacco industry average of 1.44%.

Last year, RLX revenue was $959.27M. In the past 2 year, RLX's revenue has gone up by 58.04% per year. This was faster than the Tobacco industry average of 3.77%.

Learn more about RLX's earnings and revenue performance here.

Latest Insiders Trades at RLX

In the last year, insiders at RLX have not bought or sold any shares.

Get more info about who owns RLX shares here.

Does RLX stock generate passive income?

No, Rlx Technology doesn't provide an income stream by paying out dividends.

RLX Social Trading Data

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your RLX trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.

Click the Open button and your broker will place the order.

If you require more help with buying stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Get notifications regarding your RLX position

Now that you own some shares in RLX, you'll want to stay up-to-date on your new stock purchase.

Start a watchlist to keep track of your RLX stock.

RLX Feed

How to Buy Stock in Rlx Technology

To summarize, here are the 6 steps you need to take to buy Rlx Technology stock right now:

  1. Decide where to buy Rlx Technology stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate Rlx Technology stock
  5. Place your RLX trade
  6. Get notifications regarding your RLX position

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today

If you would like to track your investment in Rlx Technology, create your watchlist below.

NYSE: RLX
$2.20-0.29 (-11.65%)
Updated Feb 3, 2023
Open eToro Account
NYSE: RLX
$2.20-0.29 (-11.65%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Rlx Technology share?

As of Feb 3, 2023, it costs $2.20 to buy one share of Rlx Technology stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.455 shares of RLX.

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Is now a good time to buy Rlx Technology stock?

According to 1 Wall Street analysts who monitor Rlx Technology, their consensus recommendation is to hold Rlx Technology stock.

What is the best way to buy Rlx Technology stock?

One way to place an order for Rlx Technology stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.