Niu Technologies ADR (NASDAQ:NIU) does about 371.39K shares in volume on a normal day but saw 4261763 shares change hands in the recent trading day. The company now has a market cap of 233.51M USD. Its current market price is $3.37, marking an increase of 20.36% compared to the previous close of $2.80. The 52 week high reached by this stock is $2.88 whilst the lowest price level in 52 weeks is $1.57.
Niu Technologies ADR (NIU) has a 20-day trading average at $2.17 and the current price is 16.81% off the 52-week high compared with 115.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.98 and its 200-day simple moving average is $1.97. If we look at the stock’s price movements over the week, volatility stands at 10.15%, which decreases to 6.26% 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 88.82 to suggest the stock is overbought.
The consensus objective for the share price is $2.24, suggesting that the stock has a potential downside of -50.45% over the period.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
BofA Securities also downgraded the stock to “Neutral” from Buy on February 07, 2023 at a price target of $11.40-$5.90. Jefferies initiated its price target at $10.50.
The current price level is 61.24%, 72.38%, and 71.55% away from its SMA20, SMA50, and SMA200 respectively, with the NIU price moving below the 50-day SMA on current market day. Niu Technologies ADR (NIU) stock is up 46.52% over the week and 86.19% over the past month. Its price is 53.88% year-to-date and 30.62% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.03 for whole year. Expected sales for next quarter are $740.22M, which analysts say will come at $491.69M for the current fiscal year and next year at $638.42M.
To reach the target analysts have set, the stock logically needs to shrink -50.45 percent from here.
The company has a return on investment of -28.28% and return on equity of -25.05%. The forward price to earnings ratio is 12.99. The beta has a value of 0.49. Price to book ratio is 1.65 and price to sales ratio is 0.59.
