During the last session, Niu Technologies (NASDAQ:NIU)’s traded shares were 0.8 million, with the beta value of the company hitting 0.57. At the end of the trading day, the stock’s price was $6.27, reflecting an intraday loss of -5.14% or -$0.34. The 52-week high for the NIU share is $30.10, that puts it down -380.06 from that peak though still a striking 3.19% gain since the share price plummeted to a 52-week low of $6.07. The company’s market capitalization is $488.24M, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 554.02K shares over the past three months.
Niu Technologies (NIU) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.30. NIU has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Niu Technologies (NASDAQ:NIU) trade information
Niu Technologies (NIU) registered a -5.14% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.14% in intraday trading to $6.27 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is -3.24%, and it has moved by -17.28% in 30 days. Based on these gigs, the overall price performance for the year is -74.65%. The short interest in Niu Technologies (NASDAQ:NIU) is 0.66 million shares and it means that shorts have 0.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $92.38, which implies an increase of 93.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $54.13 and $117.86 respectively. As a result, NIU is trading at a discount of -1779.74% off the target high and -763.32% off the low.
Niu Technologies (NIU) estimates and forecasts
Statistics show that Niu Technologies has underperformed its competitors in share price, compared to the industry in which it operates. Niu Technologies (NIU) shares have gone down -52.61% during the last six months, with a year-to-date growth rate less than the industry average at -28.30% against -0.90. In the rating firms’ projections, revenue will increase 29.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $85.17 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $214.82 million by the end of Jun 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.00%. While earnings are projected to return 32.00% in 2022, the next five years will return 5.14% per annum.
Niu Technologies is due to release its next quarterly earnings between January 05 and January 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Niu Technologies (NASDAQ:NIU)’s Major holders
Niu Technologies insiders own 0.00% of total outstanding shares while institutional holders control 45.61%, with the float percentage being 45.61%. Sumitomo Mitsui Trust Holdings, Inc. is the largest shareholder of the company, while 136 institutions own stock in it. As of Jun 29, 2022, the company held over 5.44 million shares (or 7.93% of all shares), a total value of $46.81 million in shares.
The next largest institutional holding, with 4.5 million shares, is of Nikko Asset Management Americas, Inc.’s that is approximately 6.56% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $43.49 million.
Also, the Mutual Funds coming in first place with the largest holdings of Niu Technologies (NIU) shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard International Stock Index-Emerging Markets Stk. Data provided on Jun 29, 2022 indicates that ARK ETF Tr-ARK Autonomous Technology & Robotics ETF owns about 2.42 million shares. This amounts to just over 3.52 percent of the company’s overall shares, with a $20.79 million market value. The same data shows that the other fund manager holds slightly less at 0.56 million, or about 0.82% of the stock, which is worth about $5.35 million.