It’s still a bull thesis, just subverted: Niu Technologies ADR (NIU)

At the time of writing, Niu Technologies ADR [NIU] stock is trading at $1.92, up 17.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NIU shares have gain 12.94% over the last week, with a monthly amount glided 17.07%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Niu Technologies ADR [NASDAQ: NIU] stock has seen the most recent analyst activity on May 22, 2023, when Citigroup downgraded its rating to a Neutral. Previously, BofA Securities downgraded its rating to Neutral on February 07, 2023, and dropped its price target to $5.90. On April 14, 2022, Jefferies initiated with a Hold rating and assigned a price target of $10.50 on the stock. UBS started tracking the stock assigning a Sell rating and suggested a price target of $15 on August 09, 2021. Daiwa Securities initiated its recommendation with a Outperform. Needham reiterated a Buy rating for this stock on January 15, 2021, and upped its price target to $46. In a note dated November 06, 2020, Citigroup upgraded an Buy rating on this stock and boosted its target price from $23.50 to $40.

For the past year, the stock price of Niu Technologies ADR fluctuated between $1.57 and $4.82. Niu Technologies ADR [NASDAQ: NIU] shares were valued at $1.92 at the most recent close of the market.

Analyzing the NIU fundamentals

According to Niu Technologies ADR [NASDAQ:NIU], the company’s sales were 373.19M for trailing twelve months, which represents an -23.03% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.14 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7100 points at the first support level, and at 1.5000 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1050, and for the 2nd resistance point, it is at 2.2900.

Ratios To Look Out For

It is important to note that Niu Technologies ADR [NASDAQ:NIU] has a current ratio of 1.64. As well, the Quick Ratio is 1.28, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.35.

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