Jul. 16 at 3:59 PM
$NIU Finally moving higher. Should've seen about a 15% jump after the 1/4ly sales figures released last week, but better late than never. Volume remains thin, although it's picked up the last couple days on the recent min-spike in sp. Earnings are out on August 10th. Technically, niu sp 'should' tick higher from here into the earnings in a few weeks. I anticipate this working the sp up to 2.90-3/share into earnings. The earnings release, profit margins, and guidance will determine if Niu can breach 3/share and head higher.
Based on the what the CEO said during the last earnings release the marketing and expansion expense should be mostly behind NIU. Strong earnings (.20+ per share) and strong guidance into the Fall and rest of the year, and the sp will approach 4-5/share. Sitting on my shares for further confirmation, although I did sale some call options on about 1k of my shares.
