On September 27, 2024, at 1:29 PM EST, RLX Technology (RLX, Financial) experienced a significant stock price drop of 5.08%. As of the latest update, the stock is trading at $1.78 per share with a trading volume of 7.31 million shares, a turnover rate of 0.57%, and a price fluctuation of 6.95%.
Recent financial reports revealed that RLX generated $77.13 million in revenue, with a net profit of $18.27 million and earnings per share of $0.01. The company's gross profit stood at $21.80 million, and it has a price-to-earnings ratio of 26.13. All five institutions evaluating the stock have rated it as a buy, with no recommendations to hold or sell.
In the broader tobacco industry, which saw an overall decline of 0.22%, various related stocks showed notable movements. Kaival Brands Innovations Group, Inc., Foggy Tech, and Turning Point Brands, Inc. experienced significant gains. Meanwhile, 22Nd Century Group, Inc., Greenlane Holdings, Inc., and Kaival Brands Innovations Group, Inc. were notably active, with turnover rates of 10.76%, 7.43%, and 5.74%, respectively. The most volatile stocks included 22Nd Century Group, Inc. with a fluctuation of 15.51%, Kaival Brands Innovations Group, Inc. at 14.72%, and Greenlane Holdings, Inc. at 9.36%.
RLX Technology Inc. manufactures e-cigarette products for adult smokers and employs a tailored "branded store+" retail model specifically designed for the Chinese e-cigarette market, alongside its integrated offline distribution.
