Niu Technologies (NASDAQ:NIU) Trading Down 2.6% - Here's Why

Key Points

• Niu Technologies’ shares fell 2.6% to $1.90, with trading volume 83% above the average session level.
• Analyst sentiment remains negative: the stock has a consensus rating of “Reduce,” with one Hold and one Sell rating and an average price target of $3.50.
• The company’s latest quarter showed a $0.19-per-share loss, missing expectations, despite revenue of $212.01 million exceeding the $173.23 million consensus estimate; profitability metrics remained negative.

Niu Technologies (NASDAQ:NIU - Get Free Report)'s stock price traded down 2.6% on Tuesday . The stock traded as low as $1.90 and last traded at $1.90. 251,980 shares were traded during mid-day trading, an increase of 83% from the average session volume of 137,737 shares. The stock had previously closed at $1.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NIU shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Niu Technologies in a report on Thursday, June 18th. Wall Street Zen downgraded shares of Niu Technologies from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $3.50.

Niu Technologies Stock Down 2.6%

The company has a market capitalization of $148.64 million, a PE ratio of -5.00 and a beta of -0.18. The firm's 50-day moving average is $2.22 and its 200-day moving average is $2.64.

Niu Technologies (NASDAQ:NIU - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). Niu Technologies had a negative net margin of 4.39% and a negative return on equity of 24.20%. The firm had revenue of $212.01 million for the quarter, compared to analysts' expectations of $173.23 million.

Institutional Trading of Niu Technologies

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Niu Technologies in the fourth quarter worth $97,000. Boothbay Fund Management LLC bought a new position in shares of Niu Technologies during the fourth quarter valued at about $86,000. HRT Financial LP bought a new position in shares of Niu Technologies during the fourth quarter valued at about $64,000. NewEdge Advisors LLC purchased a new position in shares of Niu Technologies in the third quarter worth about $124,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Niu Technologies in the 3rd quarter valued at about $78,000. Institutional investors own 75.06% of the company's stock.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu's product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.

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