If a person does not work for the government in any capacity, then it is said that they are “independent.” But what exactly does that mean? Stock dealers paid 15,458 call options to acquire the stock when they made the purchase. Compared to the average daily volume of 6,129 call options traded, this demonstrates an increase of 152% in the trading activity.
RLX Technology (NYSE: RLX) announced the outcomes of its most recent quarterly financial report on Wednesday, November 16. The company reported $0.05 per share earnings for the period covered by the report (EPS). In addition, the financials of RLX Technology revealed that the company had a return on equity of 15.23% and a net margin of 31.28%. The amount in question was the total revenue the company brought in during the period above, which was $146.72 million.
Over the past few months, several significant investors have modified their existing RLX stock holdings. During the first three months of 2018, Qube Research & Technologies Ltd. invested approximately 341,000 dollars in opening a new position at RLX Technology. The Swiss National Bank’s holdings in RLX Technology saw an 8.2% increase during the first three months of 2018, bringing the total value of those holdings to $1.24 billion. Following the acquisition of an additional 117,600 shares during the most recent fiscal quarter, Swiss National Bank now holds a total of 1,554,589 shares in the company, which have a value of $2,783,000. This brings the total number of shares the bank owns in the company to 1,554,589. During the first three months of 2018, Profund Advisors LLC invested approximately 241,000 dollars in RLX Technology. This move was made to further diversify the company’s assets. In addition, RLX Technology was the recipient of an investment from GSA Capital Partners LLP amounting to approximately $72,000 over the first three months of 2018. During the first three months of 2018, Jupiter Asset Management Ltd. increased the proportion of RLX Technology in which it had invested by 49.6%. After making an additional purchase of 33,600 shares over the previous three months, Jupiter Asset Management Ltd. now owns 101,300 shares, valued at $180,000. This brings the total number of shares the company has in its possession to 101,300. Institutional investors and hedge funds collectively own 17.69% of the total number of shares in the company.
During the trading that took place in the middle of the day on Monday, the price of RLX Technology fell by $0.14, bringing it to $2.37. The stock’s average volume is 11,365,063 shares, but every minute, 118,614 shares are traded, which is a significantly higher number than the average volume. The current market capitalization of the business is $3.68 billion, which is determined by the company’s price-to-earnings ratio of 10.46 and its beta value of 0.51, respectively. The lowest price RLX Technology has been in the past year is $0.90, while the highest price the company has been in the past year is $4.24. The price of a share of the company’s stock is currently trading at a moving average of $1.73 for the past 50 days and a moving average of $1.69 for the past 200 days.
RLX Technology Inc. and its affiliated companies are responsible for the research and development, manufacturing, marketing, and sales of electronic vapor products in the People’s Republic of China. In addition to being distributed to other retail outlets, it is also distributed to retail stores that carry the RELX brand as part of a partnership. Beijing, which is found in China, serves as the primary location for the headquarters of the primary operations of RLX Technology Inc., which was founded in 2018.