RLX Tech. Stock Price Prediction: Can RLX Fall Below $1 Soon?

RLX Tech. Stock Price Prediction: Can RLX Fall Below $1 Soon?

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RLX stock price increased by 2.53% over the past week and the current price is below major EMAs.
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RLX Technology Inc. (NYSE: RLX) stock’s 52-week price range is $0.9012 – $3.06.
RLX Technology Inc., together with its sister companies, manufactures, distributes, and puts up for sale e-vapor products in the People’s Republic of China. RLX stock average volume is 11.219 Million and the current volume is 5.914 Million where the current volume is below the average volume. RLX Technology Inc. publicized that they will report Q2, 2023 results pre-market by August 18th, 2023.
RLX Tech. has a debt-to-equity ratio of 0%, as reported by Simply Wall St. This implies that it has zero debt than equity, which is the difference between its total assets and total liabilities. RLX Tech. debt is zero, while its equity is $15.58 Billion. Moreover, RLX Technology Inc. (RLX) stock market capitalization is $2.101 Billion and the total revenue is $784.131 Million. More

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