Rlx technology is a e cigarette company that started in 2018. Already has $100 million plus in revenues. Stock price looks relatively cheap compared to the revenues and the profit the company is generating. The stock has been under pressure due to china regulating the e cigarette market the same way as cigarettes. These news headlines look like an overreaction. The company started trading on nyse in January 2021 and had hit an all time high of $35. Currently the stock is at $5 due to the overreaction to china regulating the e cigarette market. The company owns 60% of the market in china and has been expending to other countries over seas. Let me know what you guys think. Seems like a good opportunity to get in at a discounted price of $5.
via r/wallstreetbets https://ift.tt/3qhG8Zq
September 15, 2021 at 09:48AM