UBS Raises Stock Target Price for RLX Technology

Business by 2FIRSTS.ai

Nov.27.2023

UBS Raises Stock Target Price for RLX Technology

UBS raises RELX Technology's stock target price to "buy" level, with a 1.36% increase in stock price on November 24th.

According to a report by Bovnews, UBS, the Swiss multinational investment bank, has raised its target price for RELX Technology (RLX Technology Inc) to a "buy" rating. This rating was issued on August 8, 2023.

On November 24th, the stock price of RELX Technology rose by 1.36% to close at $2.23, higher than the previous day's closing price.

During the entire trading session, the stock price fluctuated between $2.01 and $2.26, with a trading volume of 11,899,145 shares, significantly higher compared to the three-month average trading volume of 5.61 million shares.

The company's stock prices have witnessed fluctuations of 9.85% in the last five trading sessions and 41.14% in the last thirty trading sessions, indicating a significant change compared to the beginning of the year. Despite a 9.85% increase in stock prices over the past six months, its value has surged by 55.94% in the last three months.

The profit margins for RLX stock compared to its 20-day, 50-day, and 200-day simple moving average prices are 22.33%, 34.76%, and 14.75% respectively.

References:

[1] RLX Technology Inc ADR (NYSE:RLX) stock is trading 60.43 percent above its 52-week low

Also Read:

[1] Update on RLX Technology's Dividend and Stock Performance

[2] RELX Technology Ranked First in Global E-cigarette Companies

[3] RELX Releases Unaudited Financial Report for Q3 2023

[4] Yunqi Capital Becomes Fifth Largest Shareholder of RELX with 6.1% Share

#North America #E-cigarettes #Market #Technology.#Switzerland

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