Niu Technologies (NASDAQ:NIU) has a beta value of 0.48 and has seen 1.27 million shares traded in the last trading session. The company, currently valued at $398.32M, closed the last trade at $5.67 per share which meant it gained $0.54 on the day or 10.53% during that session. The NIU stock price is -167.9% off its 52-week high price of $15.19 and 54.67% above the 52-week low of $2.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.38 million shares traded. The 3-month trading volume is 1.17 million shares.
The consensus among analysts is that Niu Technologies (NIU) is a Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
Niu Technologies (NASDAQ:NIU) trade information
Sporting 10.53% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the NIU stock price touched $5.67 or saw a rise of 1.05%. Year-to-date, Niu Technologies shares have moved 8.41%, while the 5-day performance has seen it change 4.42%. Over the past 30 days, the shares of Niu Technologies (NASDAQ:NIU) have changed 18.62%. Short interest in the company has seen 0.82 million shares shorted with days to cover at 2.05.
Wall Street analysts have a consensus price target for the stock at $50.50, which means that the shares’ value could jump 88.77% from current levels. The projected low price target is $32.20 while the price target rests at a high of $78.08. In that case, then, we find that the current price level is -1277.07% off the targeted high while a plunge would see the stock gain -467.9% from current levels.
Niu Technologies (NIU) estimates and forecasts
Figures show that Niu Technologies shares have underperformed across the wider relevant industry. The company’s shares have lost -14.61% over the past 6 months, with this year growth rate of -58.49%, compared to 4.40% for the industry. Revenue growth from the last financial year stood is estimated to be 3.00%.
1 analysts offering their estimates for the company have set an average revenue estimate of $85.22 million for the current quarter. 1 have an estimated revenue figure of $113.69 million for the next quarter concluding in Jun 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.00% over the past 5 years. Earnings growth for 2023 is a modest 32.00% while over the next 5 years, the company’s earnings are expected to increase by 2.98%.
Niu Technologies is expected to release its next earnings report between March 06 and March 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Niu Technologies (NASDAQ:NIU)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 41.05% with a share float percentage of 41.05%. Investors are also buoyed by the number of investors in a company, with Niu Technologies having a total of 130 institutions that hold shares in the company. The top two institutional holders are Sumitomo Mitsui Trust Holdings, Inc. with over 5.48 million shares worth more than $22.47 million. As of Sep 29, 2022, Sumitomo Mitsui Trust Holdings, Inc. held 7.98% of shares outstanding.
The other major institutional holder is Nikko Asset Management Americas, Inc., with the holding of over 5.44 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $46.81 million and represent 7.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard International Stock Index-Emerging Markets Stk. As of Sep 29, 2022, the former fund manager holds about 3.35% shares in the company for having 2.3 million shares of worth $9.44 million while later fund manager owns 0.62 million shares of worth $4.04 million as of Jul 30, 2022, which makes it owner of about 0.91% of company’s outstanding stock.