Dimensional Fund Advisors LP recently announced the acquisition of new stake in Niu Technologies ADR (NASDAQ:NIU). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.03% to 0.36 million shares with purchase of 114.0 shares. This fresh investment now brings its stake to 0.53% valued currently at $0.8 million.
With over 0.46 million Niu Technologies ADR (NIU) shares trading Friday and a closing price of $1.98 on the day, the dollar volume was approximately $0.92 million. The shares have shown a negative half year performance of -50.62% and its price on 01/12/24 lost nearly -1.49%. Currently, there are 68.86M common shares owned by the public and among those 68.85M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for NIU have a consensus price objective of $17.22. The analysts have set the share’s price value over the next 12 months at a high of $17.22 and a low of $17.22. The average price target is 18.18% above its recent price level and an upside to the estimated low will see the stock gain 88.5% over that period. But an upside of 88.5% will see the stock hit the forecast high price target while median target price for the stock is $17.22.
The top 3 mutual fund holders in Niu Technologies ADR are Nikko Asset Global Mobility Servi, Vanguard Emerging Markets Stock I, and Vanguard Total International Stoc. Nikko Asset Global Mobility Servi owns 1.43 million shares of the company’s stock, all valued at over $3.13 million. The company bought an additional 0.14 million shares recently to bring their total holdings to about 2.09% of the shares outstanding. Vanguard Emerging Markets Stock I bought 27234.0 shares to see its total holdings expand to 0.65 million shares valued at over $1.42 million and representing 0.95% of the shares outstanding. Vanguard Total International Stoc now owns shares totaling to 0.87% of the shares outstanding.
However, the script later moved the day high at 2.0800, down -1.49%. The company’s stock has a 5-day price change of -4.81% and -18.85% over the past three months. NIU shares are trading -9.59% year to date (YTD), with the 12-month market performance down to -62.14% lower. It has a 12-month low price of $1.94 and touched a high of $5.99 over the same period. NIU has an average intraday trading volume of 384.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.71%, -11.77%, and -37.76% respectively.
Institutional ownership of Niu Technologies ADR (NASDAQ: NIU) shares accounts for 14.81% of the company’s 68.86M shares outstanding. Mutual fund holders own 7.29%, while other institutional holders and individual stakeholders account for 7.84% and — respectively.
It has a market capitalization of $136.34M and a beta (3y monthly) value of 0.63. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.75% over the week and 5.46% over the month.
Analysts forecast that Niu Technologies ADR (NIU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.3 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -392.26%, and 197.69% over the next financial year. EPS should shrink at an annualized rate of 2.98% over the next five years, compared to 23.54% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Niu Technologies ADR (NIU) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
