Niu Technologies ADR (NASDAQ:NIU) price on current trading day, fall -1.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.54.
A look at the stock’s price movement, the close in the last trading session was $2.57. Turning to its 52-week performance, $3.50 and $1.60 were the 52-week high and 52-week low respectively. Overall, NIU moved 31.61% over the past month.
Niu Technologies ADR’s market cap currently stands at around $176.10 million, with investors looking forward to this quarter’s earnings report slated for in March.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.31B, representing a 25.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NIU is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend NIU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NIU’s current price about 16.98% and 29.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.76, while 7-day volatility ratio is 11.61% and 6.86% in the 30-day chart. Further, Niu Technologies ADR (NIU) has a beta value of 0.44, and an average true range (ATR) of 0.17.
If we refocus on Niu Technologies ADR (NASDAQ:NIU), historical trading data shows that trading volumes averaged 455.81K over the past 3 months. The company’s latest data on shares outstanding shows there are 69.33 million shares.
The 0.02% of Niu Technologies ADR’s shares are in the hands of company insiders while institutional holders own 10.72% of the company’s shares. Current price change has pushed the stock 41.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NIU stock continues to rise going into the next quarter.
