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Saturday, November 28, 2020

Investor Confidence is Falling for Niu Technologies (NASDAQ:NIU)

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Niu Technologies (NIU) shares are trading at lower $27.65 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $27.28.

To add more color to this target, the company’s high over the last year is $33.51 and the low is $6.08. Over the last 52 weeks, NIU is up 194.15% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NIU reported a profit of $20.96 million. Niu Technologies also saw revenues increase to $91.28 million. In addition, NIU has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $7.85 million which compares well with its peers.

NIU booked profit margins of 7.60%, its Return on Equity (ROE) is 20.00%, and its Return on Assets is 10.00%. All told, it is clear that, NIU needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NIU has a short ratio of 1.82 and outstanding shares of 85.47M.

Company Outlook

NIU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.27. Niu Technologies NIU also noted assets of $238.9 million at the end of the last quarter. Investors should also keep an eye on sector updates as NIU has historically followed its peers on positive news.

All told, Niu Technologies NIU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NIU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Niu Technologies NIU is now commanding a market cap of 1.91B and a float of 64.43M. NIU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NIU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NIU, either long or short, and we have not been compensated for this article.

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