EZGO Technologies Ltd (NASDAQ: EZGO)’s stock price has increased by 13.28 compared to its previous closing price of 1.28. However, the company has seen a 22.88% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-04-12 that CHANGZHOU, China, April 12, 2024 /PRNewswire/ — EZGO Technologies Ltd. (Nasdaq: EZGO) (“EZGO” or “we,” “our,” or the “Company”), a leading short-distance transportation solutions provider in China, today announced that it entered into a procurement agreement (the “Procurement Agreement”) with Hangzhou Huiyu Zhichuang Industrial Co., Ltd.
Is It Worth Investing in EZGO Technologies Ltd (NASDAQ: EZGO) Right Now?
EZGO has 36-month beta value of 1.91. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EZGO is 2.38M, and currently, short sellers hold a 1.97% ratio of that float. The average trading volume of EZGO on September 02, 2024 was 64.68K shares.
EZGO’s Market Performance
EZGO stock saw an increase of 22.88% in the past week, with a monthly gain of 15.08% and a quarterly increase of -21.62%. The volatility ratio for the week is 14.73%, and the volatility levels for the last 30 days are 11.95% for EZGO Technologies Ltd (EZGO). The simple moving average for the last 20 days is 36.82% for EZGO stock, with a simple moving average of -46.47% for the last 200 days.
EZGO Trading at 6.26% from the 50-Day Moving Average
After a stumble in the market that brought EZGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.58% of loss for the given period.
Volatility was left at 11.95%, however, over the last 30 days, the volatility rate increased by 14.73%, as shares surge +31.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.84% upper at present.
During the last 5 trading sessions, EZGO rose by +22.88%, which changed the moving average for the period of 200-days by -61.44% in comparison to the 20-day moving average, which settled at $1.0773. In addition, EZGO Technologies Ltd saw -68.48% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EZGO
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.08 for the gross margin
The net margin for EZGO Technologies Ltd stands at -0.37. The total capital return value is set at -0.08. Equity return is now at value -14.41, with -10.47 for asset returns.
Based on EZGO Technologies Ltd (EZGO), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.57. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -225.71.
Currently, EBITDA for the company is -1.2 million with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of -0.35. The receivables turnover for the company is 1.88for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.79.
Conclusion
To put it simply, EZGO Technologies Ltd (EZGO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
