Niu Technologies ADR (NASDAQ:NIU) does about 1.31M shares in volume on a normal day but saw 894113 shares change hands in the recent trading day. The company now has a market cap of 201.75M USD. Its current market price is $2.91, marking an increase of 1.04% compared to the previous close of $2.88. The 52 week high reached by this stock is $4.90 whilst the lowest price level in 52 weeks is $1.65.
Niu Technologies ADR (NIU) has a 20-day trading average at $3.60 and the current price is -40.61% off the 52-week high compared with 76.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.96 and its 200-day simple moving average is $2.26. If we look at the stock’s price movements over the week, volatility stands at 10.79%, which increases to 11.07% 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 43.45 to suggest the stock is neutral.
The consensus objective for the share price is $4.09, suggesting that the stock has a potential upside of 28.85% 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 -19.14%, -1.79%, and 28.99% away from its SMA20, SMA50, and SMA200 respectively, with the NIU price moving above the 50-day SMA on current market day. Its price is 62.57% year-to-date and 33.49% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.78 for whole year.
To reach the target analysts have set, the stock logically needs to grow 28.85 percent from here.
Outstanding shares total 69.65M with insiders holding 0.15% of the shares and institutional holders owning 10.76% of the company’s common stock. The company has a return on investment of -21.06% and return on equity of -19.07%. The forward price to earnings ratio is 7.61. The beta has a value of -0.02. Price to book ratio is 1.59 and price to sales ratio is 0.44.
