To The Moon

$RLX Technology(RLX)$

If you really want to take your penny stocks to the extreme, RLX Technology (NYSE:RLX) may be right for you. Presently listed on theNew York Stock Exchange– though we’ll see how long that lasts – RLX is a China-based e-vapor company. Per itswebsite, RLX leverages its strong in-house technology and product development capabilities and in-depth insights into adult smokers’ needs to develop superior e-vapor products.

Before you venture into RLX, you must understand one thing: this is pure, unadulterated speculation. Since the January opener, shares tumbled almost 20%. In the trailing year, they’re down nearly 34%. However, it does have a sole analyst backing and that might be because of its strong,cash-rich balance sheet. As well, it features a strong net margin of 31.47%. Almost as a bonus, the market prices RLX at a trailing multiple of 8.08. As a discount to earnings, the company ranks better than 80% of its peers. Now, from that sole analyst, RLX enjoys aprice target of $9.35. That implies – get ready for this – an upside potential of over 372%.

Via: Stock Analysis