24/7 Market News Snapshot 17 March, 2025 – Niu Technologies American Depositary Shares (NASDAQ:NIU)
DENVER, Colo., 17 March, 2025 (247marketnews.com) – (NASDAQ:NIU) are discussed in this article.
Niu Technologies (NIU) has demonstrated a significant upward trajectory in its stock market performance, opening today at $2.72 and climbing to $3.21, which represents an approximate increase of 18.01%. This rally has been accompanied by a substantial trading volume of 1.97 million shares, indicating strong investor interest and reinforcing positive market sentiment. Analysts suggest that this upward momentum could signal a potential breakout above key resistance levels, presenting a promising opportunity for traders. Investors are advised to closely monitor volume patterns and maintain support levels at $2.70 to ensure the sustainability of this growth in the dynamic market.
Moreover, Niu Technologies has recently reported its financial results for the fourth quarter and full year ended December 31, 2024. The company recorded fourth-quarter revenues of RMB 819.2 million, representing a robust 71.1% year-over-year increase, driven by strong consumer demand for its innovative electric scooters. Total units sold in the fourth quarter reached 226,634, a 64.9% increase from the previous year. Although the company faced a net loss of RMB 72.5 million in the fourth quarter, it marked a significant improvement over the RMB 130.2 million loss reported in the same quarter of 2023. The adjusted net loss also showed progress, improving to RMB 66.7 million.
For the full year, Niu generated revenues of RMB 3,288.3 million, reflecting a solid 24.0% year-over-year increase, with a total net loss of RMB 193.2 million, a notable improvement from RMB 271.8 million the previous year. As the company expands its retail presence and international partnerships, Niu remains optimistic about its growth trajectory, forecasting first-quarter 2025 revenues between RMB 631 million and RMB 707 million, and an anticipated sales volume of up to 1.6 million units for the year ahead.