Is Niu Technologies (NASDAQ: NIU) Back In The Buying Zone?

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    Wellington Management Co. LLP recently announced the acquisition of new stake in Niu Technologies (NASDAQ:NIU). This fresh investment now brings its stake to 1.60% valued currently at $16.68 million. In addition, FIL Investment Management (Hong K. raised its holdings by 0.99 million to 0.99 million shares.

    With over 0.71 million Niu Technologies (NIU) shares trading Tuesday and a closing price of $18.43 on the day, the dollar volume was approximately $13.02 million. The shares have shown a negative weekly performance of -9.57% and its price on 07/28/20 gained nearly 1.15%. Currently, there are 85.17M common shares owned by the public and among those 64.43M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for NIU have a consensus price objective of $156.10. The analysts have set the share’s price value over the next 12 months at a high of $182.29 and a low of $113.27 should the stock experience a downside. Incidentally, analysts’ outlook for the Niu Technologies stock is 1.70 for the next 12 months. The average price target is 16.46% above its last price level and an upside to the estimated low will see the stock gain 83.73% over that period. But an upside of 89.89% will see the stock hit the forecast high price target while mean target price for the stock is $164.41.

    The top 3 mutual fund holders in Niu Technologies are Fidelity China Special Situations, iShares Core MSCI Emerging Market, and Deka – UmweltInvest CF/TF. Fidelity China Special Situations owns 0.99 million shares of the company’s stock, all valued at over $15.86 million. Deka – UmweltInvest CF/TF bought 0.17 million shares to bring its total holdings to over 0.17 million shares at a value of $2.72 million. Deka – UmweltInvest CF/TF now owns shares totaling to 0.26% of the shares outstanding.

    Shares of Niu Technologies (NASDAQ: NIU) opened at $18.59, up $0.37 from a prior closing price of $18.22. However, the script later closed the day at $18.43, up 1.15%. The company’s stock has a 5-day price change of -9.57% and 108.48% over the past three months. NIU shares are trading 116.06% year to date (YTD), with the 12-month market performance up to 179.67% higher. It has a 12-month low price of $6.08 and touched a high of $25.88 over the same period. Currently, 0.71 million shares have been traded, compared to an average intraday trading volume of 795.72K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.89%, 21.82%, and 81.31% respectively.

    Institutional ownership of Niu Technologies (NASDAQ: NIU) shares accounts for 19.00% of the company’s 85.17M shares outstanding. Mutual fund holders own 11.98%, while other institutional holders and individual stakeholders account for 3.31% and — respectively.

    It has a market capitalization of $1.43B. The stock’s trailing 12-month PE ratio is 74.31, while the earnings-per-share (ttm) stands at $0.25. The company has a PEG of 12.68 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.07% over the week and 8.86% over the month.

    Analysts forecast that Niu Technologies (NIU) will achieve an EPS of $0.07 for the current quarter, $0.16 for the next quarter and $0.73 for 2021. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 147.40%, and 102.49% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Niu Technologies (NIU) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the NIU, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on June 19, 2020, with the firm’s price target at $11-$24. Piper Jaffray coverage for the Niu Technologies (NIU) stock in a research note released on December 03, 2019 offered a Overweight rating with a price target of. Needham was of a view on November 29, 2018 that the stock is Buy, while Citigroup gave the stock Buy rating on November 13, 2018, issuing a price target of $17.60.

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