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Saturday, September 25, 2021

Should You Buy Niu Technologies (NASDAQ: NIU) Stock Right Now?

While most Chinese stocks have been in hot waters due to the uncertainty of the Trump administration’s plans to bar investment in Chinese companies, Niu Technologies (NASDAQ: NIU) has provided positive sales figures for the fourth quarter 2020 of its e-scooters.


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Niu Technologies is a global leader in smart urban mobility solutions. A 40.9% year-over-year growth has been achieved in the fourth quarter of 2020 by NIU e-scooters. Over the past year, there has been a 35.0% year-over-year increase in the number of e-scooters sold in China. There were 12,1191 e-scooters sold in international markets, an increase of 179.6% compared with the fourth quarter last year.

The expansion of retail networks and the launch of new products like G0, MQi2, and MQiS were mainly responsible for China’s growth. G0 units generated about 21.5% of the total China market volume during the fourth quarter. During the fourth quarter, the total units sold from MQi2 and MQiS represented approximately 21.2% of the entire Chinese market volume. The G0 model has a lower sales price and gross margin than the existing models. It hurts the blended revenues per scooter and overall gross margin for the fourth quarter because a larger percentage of scooters sold was this model.

Demand recovery was the main factor for growth in the international markets. The NIU sold approximately 600,892 electric scooters in 2020, representing a 42.6% year-over-year increase. More than 572,154 electric scooters were sold in China, while 28,738 were sold in international markets.

The volume of sales mentioned above is base on the work delivered from our manufacturing facility, which can differ slightly from the volume measured from a financial accounting and reporting perspective. Sales volume constitutes only one measure of NIU’s financial performance. Sales volume should not be used as a reliable indicator of quarterly financial results, which are highly dependent on various factors, such as revenues from accessories, spare parts, and services, operating expenditures, etc.

Recent Trading Updates

Niu Technologies (NASDAQ: NIU) has climbed 0.10% from its latest closing price compared to its recent 1-year high of $37.44. Over the last five trading sessions, the company’s share price has increased by 6.20%.

NIU scored a price-to-earnings ratio higher than its average ratio, recording 98.07 x from its current earnings ratio. A look at the opinions of the stock reveals that five analysts out of 5 who provided ratings for Niu Technologies declared the stock is a “buy”, and 0 rated it as “overweight,” 0 as “hold,” and 0 as “sell.”

Analysts suggest a price of $248.15 per share, which is $6.67 above the current price. Currently, NIU has a public float of 54.81M with shorts holding 3.24% of that float. Today, the average volume of trading for NIU was 2.06M shares.

A Review of NIU’s Market Performance

During the past week, NIU stocks increased by 6.20%, with a month-over-month jump of 2.95%, a quarterly performance of 22.43%, and a year-over-year increase of 241.16%. During the past 30 days, Niu Technologies has displayed a volatility ratio of 5.75% and 5.11% for the past week. The simple moving average for NIU stocks for 20 days amounts to 0.71%, which equates to a simple moving average of 48.94% for 200 days.

Analysts’ Opinion About NIU

Several brokerage firms have already submitted their reports on NIU, with Citigroup confirming its rating of “Buy” on the stock, listing it at a $40 price for the next fiscal year based on a research report published on November 06th of the last year 2020.

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