EZGO Technologies Ltd. (NASDAQ:EZGO) finished Thursday with an addition of $0.01 to close at $2.34, an upside of 0.43 percent. An average of 2,981,443 shares of common stock have been traded in the last five days. There was a fall of -$0.19 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,332,011 shares traded, while the 50-day average volume stands at 1,020,748.
EZGO stock has increased by 20.62% in the last month. The company shares reached their 1-month lowest point of $1.75 on 08/04/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $0.37 and a high of $2.77 in 52 weeks. It has reached a new high 20 times so far this year and achieved 250.98% or $1.64 in price. In spite of this, the price is down -15.52% from the 52-week high.
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Valuation Metrics
EZGO Technologies Ltd. (EZGO) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.39.
Financial Health
The quick ratio of EZGO Technologies Ltd. for the recent quarter was 2.40, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.02 for the recent quarter. EZGO Technologies Ltd.’s EBITDA margin is -32.42%, while its operating margin for the same period stands at -8.60%. Its gross profit as reported stood at $0.22 million compared to revenue of $17.39 million.
Earnings Surprise
The company posted a net income of -$6.46 million in the quarter, while revenues were grew 53.87%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at EZGO Technologies Ltd. (EZGO) price momentum. RSI 9-day as of the close on 24 August was 49.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 79.33%.
As of today, EZGO’s price is $2.41 -7.60% or -$0.19 from its 5-day moving average. EZGO is currently trading +13.24% higher than its 20-day SMA and +32.00% higher than its 100-day SMA. However, the stock’s current price level is +35.88% above the SMA50 and +463.41% above the SMA200.
The stochastic %K and %D were 51.92% and 61.34%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 47.73% and the average true range at 0.26, the RSI (14) stands at 53.11%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
