EZGO Stock Dips 5% Amid Low Market Activity

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Oct 04, 2024

EZGO Technologies (EZGO, Financial) experienced a significant drop of 5.04% in its stock price. The share price is currently at $1.32, with a trading volume of 30,739 shares and a turnover rate of 1.20%. The stock's amplitude is at 6.47%.

Recent financial reports reveal EZGO's revenue stood at $8.58 million, with a net loss of $4.05 million and earnings per share at -$1.59. The company achieved a gross profit of $487,799, and the price-to-earnings ratio is -0.02. Currently, no institutions have provided ratings of buy, hold, or sell on EZGO.

Within the automotive sector, where EZGO operates, the average increase was 0.42%. Notable performers in the same industry include Twin Vee Powercats Co., Forza X1, Inc., and Thor Industries. Stocks showing significant activity alongside EZGO include Vision Marine Technologies Inc., which recorded a turnover rate of 17.64%, and Harley-Davidson, with a turnover rate of 0.88%. Vision Marine Technologies Inc. and Twin Vee Powercats Co. had considerable amplitude rates of 17.02% and 11.54%, respectively.

EZGO is primarily engaged in the sale and leasing of electric bicycles and batteries, alongside related businesses such as battery pack sales, battery cell transactions, and charging station services. The company offers products like electric bicycles, smart patrol vehicles, electric motorcycles, push scooters, and urban-style electric tricycles. Its key revenue stream is derived from its battery units and battery pack department.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.