Niu Technologies (NASDAQ:NIU) does about 1.09M shares in volume on a normal day but saw 262288 shares change hands in Friday trading. The company now has a market cap of 352.68M USD. Its current market price is $4.68, marking a decrease of -1.68% compared to the previous close of $4.76. The 52 week high reached by this stock is $13.88 whilst the lowest price level in 52 weeks is $2.57. The script in recent trading has seen the stock touch a high of $4.72 and a low of $4.55.
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Niu Technologies (NIU) has a 20-day trading average at $5.14 and the current price is -66.28% off the 52-week high compared with 82.10% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.18 and its 200-day simple moving average is $5.62. If we look at the stock’s price movements over the week, volatility stands at 4.91%, which increases to 6.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.30 to suggest the stock is neutral.
5 analysts observing the Niu Technologies (NIU) stock have set the 12-month price targets for the company’s shares at between $32.20 and $78.08. The consensus objective for the share price is $11.92, suggesting that the stock has a potential upside of 60.74% over the period. The median price target is 89.5% away from the current levels at $44.59.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 07, 2023 when BofA Securities downgraded the stock to “Neutral” and issued a price target of between $11.40 and $5.90. UBS initiated its price target at $15.
The current price level is -9.30%, -9.81%, and -17.08% away from its SMA20, SMA50, and SMA200 respectively, with the NIU price moving above the 50-day SMA on February 17. Niu Technologies (NIU) stock is up 0.43% over the week and -0.21% over the past month. Its price is -10.52% year-to-date and -65.89% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2021, with the company’s earnings per share (EPS) of $0.11 below consensus estimates by -$0.08. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at $0 and $0.13 for whole year. NIU’s earnings per share are forecast to shrink by -72.30% this year and 300.00% over next year. Expected sales for next quarter are $115 million, which analysts say will come at $535.86 million for the current fiscal year and next year at $719.46 million. In addition, estimates put the company’s current quarterly revenue at an average of $79.96 million.
Its 12-month price target is $44.59. To reach the target analysts have set, the stock logically needs to grow 60.74 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $32.20, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $78.08.
Outstanding shares total 87.98M with insiders holding 0.00% of the shares and institutional holders owning 30.94% of the company’s common stock. The company has a return on investment of 9.90% and return on equity of 2.70%. The price to earnings ratio (P/E ratio) amounts to 83.57 while the forward price to earnings ratio is 9.00. The beta has a value of 0.48. Price to book ratio is 2.08 and price to sales ratio is 0.67.
According to a U.S. Securities and Exchange Commission filing, Nikko AM Global Umbrella Fund – A has added its position in Niu Technologies (NIU) to 4,011,102 shares, mirroring a recent increase by 33.30%. Nikko AM Global Umbrella Fund – A added 1.0 million shares of Niu Technologies common stock bringing its total worth to about $21.62 million at the end of recent close, SEC documents show. Nikko AM Global Umbrella Fund – A isn’t the only investment manager who changed stakes and is followed by Nikko Asset Global Mobility Servi, which added 0.14 million shares to end up with 1,431,488 shares worth $7.72 million. DWS Invest – SDG Global Equities raise their holdings by 11.64% in the company over the course of the most recent quarter. It now holds a 0.95% position in Niu Technologies thanks to 0.65 million shares amounting to $3.51 million.