EZGO Stock Surges Amid Market Volatility

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Jan 15, 2025

EZGO Technologies Ltd. (EZGO) experienced a notable stock price increase of 5.57%. The stock is currently trading at $0.616 per share, with a trading volume of 440,102 shares and a turnover rate of 17.23%. The stock's amplitude reached 8.42%.

Recent financial reports indicate that EZGO has generated a revenue of $8.58 million, but reported a net loss of $4.05 million, resulting in an earnings per share (EPS) of -$1.59. The gross profit stood at $487,799, with a price-to-earnings (P/E) ratio of -0.01. Currently, there are no institutional ratings available for this stock.

In the broader automotive industry, where EZGO operates, the overall growth was 2.66%. Among its peers, Vision Marine Technologies Inc. and Thor Industries showed significant gains. Vision Marine Technologies Inc. and EZGO exhibited high activity levels with turnover rates of 1167.01% and 17.23%, respectively. Stocks with notable amplitude include Vision Marine Technologies Inc. at 60.71%, Twin Vee Powercats Co. at 11.28%, and EZGO at 8.42%.

EZGO Technologies Ltd. primarily engages in the sale and rental of electric bicycles and batteries. The company also deals in battery pack sales, battery cell trading, and charging station services. Its product range includes electric bicycles, smart unmanned patrol vehicles, electric motorcycles, scooters, and urban-style electric tricycles. The largest revenue contributor is its battery cell and battery pack segment.

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.