An analyst sees good growth prospects for Niu Technologies (NIU)

Niu Technologies (NASDAQ: NIU) stock jumped 9.38% on Friday to $5.13 against a previous-day closing price of $4.69. With 2.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.26 whereas the lowest price it dropped to was $4.70. The 52-week range on NIU shows that it touched its highest point at $16.15 and its lowest point at $2.57 during that stretch. It currently has a 1-year price target of $12.53. Beta for the stock currently stands at 0.48.

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Price Performance and Earnings:

Three-month performance surged to 68.20% while six-month performance fell -29.53%. The stock lost -66.03% in the past year, while it has lost -1.91% so far this year. A look at the trailing 12-month EPS for NIU yields 0.06 with Next year EPS estimates of 0.52. EPS is expected to grow by 2.98% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.00%.


Float and Shares Shorts:

At present, 87.98 million NIU shares are outstanding with a float of 68.57 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.82 million, which was 1.07% higher than short shares on Sep 14, 2022. In addition to Dr. Yan Li as the firm’s Chairman, CEO & COO, Ms. Wenjuan Zhou serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 41.05% of NIU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.08% of NIU, in contrast to 11.25% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NIU with 7.98% of the stake, Nikko Asset Management Americas, holds 5,479,874 shares worth 5,479,874. A second-largest stockholder of NIU, ARK Investment Management LLC, holds 2,301,438 shares, controlling over 3.35% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in NIU, holding 2,287,806 shares or 3.33% stake. With a 5.84% stake in NIU, the Nikko AM Global Umbrella Fund – A is the largest stakeholder. A total of 4,011,102 shares are owned by the mutual fund manager. The ARK Autonomous Technology & Robot, which owns about 3.10% of NIU stock, is the second-largest Mutual Fund holder. It holds 2,129,903 shares valued at 11.14 million. Nikko Asset Global Mobility Servi holds 2.09% of the stake in NIU, owning 1,431,488 shares worth 7.49 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NIU since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NIU analysts setting a high price target of $78.08 and a low target of $32.20, the average target price over the next 12 months is $50.50. Based on these targets, NIU could surge 1422.03% to reach the target high and rise by 527.68% to reach the target low. Reaching the average price target will result in a growth of 884.41% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NIU will report FY 2022 earnings on 03/04/2024. Analysts have provided yearly estimates in a range of $1.35 being high and $0.01 being low. For NIU, this leads to a yearly average estimate of $0.66. Based on analyst estimates, the high estimate for the next quarter is $0.58 and the low estimate is $0.58. The average estimate for the next quarter is thus $0.58.

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