Niu Technologies ADR (NASDAQ:NIU) shares, rose in value on Thursday, April 04, with the stock price up by 20.68% to the previous day’s close as strong demand from buyers drove the stock to $1.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.64. The value of beta (5-year monthly) is 0.61. Referring to stock’s 52-week performance, its high was $4.82, and the low was $1.57. On the whole, NIU has fluctuated by 20.68% over the past month.
With the market capitalization of Niu Technologies ADR currently standing at about $136.29 million, investors are eagerly awaiting this quarter’s results, scheduled for May 20, 2024 – May 24, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $0.2 and then to about $0.3 by fiscal year 2025. Data indicates that the EPS growth is expected to be 141.70% in 2025, while the next year’s EPS growth is forecast to be 50.00%.
Analysts have estimated the company’s revenue for the quarter at $468.26 million, with a low estimate of $404.9 million and a high estimate of $531.62 million. According to the average forecast, sales growth in current quarter could jump up 27.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $468.26 million, representing an increase of 27.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NIU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NIU currently trading nearly 12.81% and 11.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.18, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 6.15%. Furthermore, Niu Technologies ADR (NIU)’s beta value is 0.59, and its average true range (ATR) is 0.12.
A comparison of Niu Technologies ADR (NIU) with its peers suggests the former has fared considerably weaker in the market. NIU showed an intraday change of 20.68% in today’s session so far, and over the past year, it shrunk by -49.25%%.
Data on historical trading for Niu Technologies ADR (NASDAQ:NIU) indicates that the trading volumes over the past 10 days have averaged 0.3 million and over the past 3 months, they’ve averaged 340.06K. According to company’s latest data on outstanding shares, there are 68.86 million shares outstanding.
Nearly 0.02% of Niu Technologies ADR’s shares belong to company insiders and institutional investors own 13.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.28 million shares as on Mar 15, 2024, resulting in a short ratio of 3.2. According to the data, the short interest in Niu Technologies ADR (NIU) stood at 1.65% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.02 million. The stock has fallen by -9.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIU stock heading into the next quarter.
