Niu Technologies [NIU] shares are up more than 223.71% this year and recently increased 0.08% or $2.49 to settle at $31.98. Analysts expect NIU to grow earnings at a 5.86% annual rate over the next 5 years. NIU has a short ratio of 0.77. This implies that the market is currently less bullish on the outlook for NIU.
On 9, October 2020, Niu Technologies Provides Third Quarter 2020 E-scooter Sales Volume Update. According to news published on Yahoo Finance, Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today provides its e-scooter sales volume results for the third quarter 2020.
Analyst Birdseye View:
The most recent analyst activity for Niu Technologies [NASDAQ:NIU] stock was on June 19, 2020, when it was Reiterated with an Overweight rating from Piper Sandler, which also raised its 12-month price target on the stock from $11 to $24. On December 03, 2019, Piper Jaffray Initiated an Overweight rating. On November 29, 2018, Needham Initiated a Buy rating and increased its price target to $12. On November 13, 2018, Citigroup Initiated a Buy rating and increased its price target to $17.60.
In the past 52 weeks of trading, this stock has oscillated between a low of $6.08 and a peak of $29.78. Right now, according to Wall Street analyst the average 12-month amount target is $192.12. At the most recent market close, shares of Niu Technologies [NASDAQ:NIU] were valued at $31.98. According to the average price forecast, investors can expect a potential return of 87.86%.
Niu Technologies [NASDAQ:NIU] most recently reported quarterly sales of 90.98 billion, which represented growth of 21.60%. This publicly-traded organization’s revenue is $576,741 per employee, while its income is $52,801 per employee. This company’s Gross Margin is currently 23.60%, its Operating Margin is 5.90%, its Pretax Margin is +9.55, and its Net Margin is +9.16. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 14.12, 27.97, 17.87 and 27.97 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 21.55 and the whole liability to whole assets at 14.39.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 28.68 points at 1st support level, the second support level is making up to 27.87. But as of 1st resistance point, this stock is sitting at 30.04 and at 30.59 for 2nd resistance point.
Niu Technologies [NIU] reported its earnings at $0.13 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.09/share signifying the difference of 0.04 and 44.40% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.04 calling estimates for -$0.02/share with the difference of -0.02 depicting the surprise of -100.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Niu Technologies [NASDAQ:NIU] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.42. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.18, it’s amount to book ratio is 5.61 and showing 111.28 of P/E (TTM) ratio.