Shares of Niu Technologies (NIU, Financial) recently experienced a sharp decline, falling by 5.09%. The stock is currently trading at $2.52 per share, with a trading volume of 276,369 shares and a turnover rate of 0.36%. The stock's volatility is recorded at 5.47%.
Recent financial reports reveal that the company reported revenue of $130 million, a net loss of $3.44 million, earnings per share of -$0.04, and a gross profit of $22.05 million. The price-to-earnings ratio stands at -5.02.
Analyst ratings indicate that out of three institutions, 67% recommend buying the stock, while 33% suggest holding it, with no sell recommendations.
Within the automotive manufacturing sector, the overall growth is 0.50%. Notably, stocks such as Srivaru Holding Limited and Mullen Automotive, Inc. have shown significant gains. Active stocks include Faraday Future, Mullen Automotive, Inc., and Vicinity Motor Corp., with turnover rates of 26.52%, 19.92%, and 11.01%, respectively. Highly volatile stocks include Srivaru Holding Limited and Nwtn Inc, with amplitude fluctuations of 50.50% and 43.33% respectively.
Niu Technologies designs, manufactures, and sells high-performance electric motorcycles, scooters, and bicycles. Their product range includes series such as NQi, MQi, UQi, and F, as well as micro-mobility solutions like the KQi scooter and BQi electric bicycle series. The company's main market is China, with additional revenue streams from Europe and other regions.
