RLX
RLXBNYSE / Food Beverage & Tobacco
Last Price
At close
2026-07-18
Current thesis
The verified company-source case is that RLX entered 2026 with a real operating step-up: Q1 revenue nearly doubled, international sales exceeded 70% of mix, gross margin improved, and non-GAAP operating income rose 187.9%, giving the company room to keep funding expansion [#IR-2026-05-20].
Posture
Constructive
Lead driver
Momentum
What changed
Momentum remains the lead driver in the composite.
What can break
Cross-border vaping regulation remains a core risk, with RLX itself flagging exposure to governmental policies, laws and regulations across jurisdictions [#IR-2026-04-23].
Momentum
90
Value
51
Sentiment
45
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $2.10 · Bull $2.65 · Bear $1.35
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-07-11 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-18
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $2.82
Why
Momentum90 · Δ7d -
Value51 · Δ7d -0.6
Sentiment45 · Δ7d -
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
90
26% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Value
51
39% active weight
Current posture
7d trendFlat
Δ7d
-0.6
Δ21d
-1.5
Sentiment
45
34% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Why this grade
Composite grade B. Momentum 90.3 / Value 50.9 / Sentiment 45.5
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$2.5B
Beta
1.09
Shares Out
908.38M
P/E (TTM)
28.0
P/S (TTM)
5.51
P/FCF (TTM)
15.49
Rev YoY
+118.0%
EPS YoY
+33.7%
Gross Margin
+33.3%
Op Margin
+5.5%
Net Debt
-$1.42B
Current Ratio
8.53
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology