On Wednesday, NIU Stock opened at $3.65, the highest trading price of that session, and after mirroring $3.42, it closed at $3.51. Similarly, NIU stock fell more than 7% in the May 30 session.
Niu Technology (Nasdaq: NIU) is a Beijing-based electric scooter company founded in 2014. NIU Stocks slipped 4.10% on the May 31 trading session, and prices downgraded more than 20% in the last five sessions.
Market observers predict that the continued fall in Niu’s revenue and earnings can be a reason for declining buyer interest in the market. In all four quarters of 2022, the company reported considerably lower revenue than estimated amounts.
In the weekly trading session, NIU Stock lost over 19% of its prices, and in the annual trading session, it slipped 56.13%. It is important to note that NIU earnings per share degraded by more than 120% in the last quarter of 2022.
The market capitalization chart of NIU Technology shows numerous significant downfalls in the last few years, and at the press time, the total market capitalization was $828.879K. During the pandemic, the company’s market capitalization was about to test $4 Billion.
Revenue and Earnings of Niu Technology
In Q1 2023, Niu reported $60.74 Million in revenue, and in the second and third quarters of 2022 company’s revenue fell more than 30%. As per TradingView analyst ratings, the indicators show a green signal to buy companies, but the technical indicators show a red signal and suggest selling.
After completing trading on Wednesday, the total trading volume of NIU stock got stuck at 710.409K. Since the beginning of 2023 trading volume of NIU stock crossed 2.015 Million on January 20, 2023.
After going through the charts available, it is noted that NIU Stock does not show any significant market movement and is moving in a sideways direction. In the last 52 days of the trading session, the company’s stock traded highest at $9.60 and lowest at $2.57.
Leading financial analysts believe EV stock, including NIU, might reverse its path and show major skyrocketing moves. A research report by Economic Times claims that by 2030, China will hold 49% of the global EV market, followed by Europe and the US.
The report notes that by the end of 2030, the EV market will contribute 32% to new car sales. The shift in technology adoption might be a reason for the increasing prices of petroleum products and other fuels.
