RLX Technology (NYSE:RLX) Shares Gap Up – Here’s What Happened

Posted by Francis Steltz on May 20th, 2026

RLX Technology Inc. Sponsored ADR (NYSE:RLX – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $2.10, but opened at $2.22. RLX Technology shares last traded at $2.1150, with a volume of 1,368,200 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup lowered their target price on shares of RLX Technology from $2.60 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Wall Street Zen raised shares of RLX Technology from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of RLX Technology in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, RLX Technology currently has an average rating of “Hold” and an average target price of $2.50.

Read Our Latest Report on RLX Technology

RLX Technology Price Performance

The firm has a market cap of $3.23 billion, a P/E ratio of 23.17 and a beta of 1.16. The stock’s 50 day moving average is $2.18 and its two-hundred day moving average is $2.30.

RLX Technology (NYSE:RLX – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.03 earnings per share for the quarter. RLX Technology had a net margin of 23.27% and a return on equity of 5.74%. The firm had revenue of $163.13 million for the quarter.

Hedge Funds Weigh In On RLX Technology

Large investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new position in RLX Technology in the fourth quarter valued at approximately $26,000. Insigneo Advisory Services LLC acquired a new position in RLX Technology in the fourth quarter valued at approximately $29,000. AXQ Capital LP acquired a new position in RLX Technology in the fourth quarter valued at approximately $30,000. Dimensional Fund Advisors LP acquired a new position in RLX Technology in the first quarter valued at approximately $32,000. Finally, SmartHarvest Portfolios LLC acquired a new position in RLX Technology in the fourth quarter valued at approximately $40,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Company Profile

(Get Free Report)

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.