Are Analysts Too Bullish On EZGO Technologies Ltd (EZGO)

EZGO Technologies Ltd (NASDAQ:EZGO) currently has a daily average trading volume of 110.32K but it saw 6996338 shares traded in last market. With a market cap of 1.86M USD, the company’s current market price of $0.73 came falling about -11.14 while comparing to the previous closing price of $0.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.60 and as low as $0.65. In the recent trading on the day, stock has struck highest price mark of $0.68 while lowest mark touched by it was $1.1.

Taking a look at 20-day trading activity of EZGO Technologies Ltd (EZGO) gives us an average price of $0.8091, while its current price level is -84.20% below from 52-week high level whereas it is 11.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9469 while that of 200 days or SMA-200 reads an average of $1.4717. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.53% during that period while stretching the period over a month that decreases to 15.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.79 which implies that the stock is in neutral territory.

Over the week, EZGO’s stock price is moving -6.79% down while it is -22.77% when we observe its performance for the past one month. Year-to-date it is -11.14% down and over the past year, the stock is showing a downside performance of -83.42%.

Currently, EZGO Technologies Ltd’s total number of outstanding shares is 10.84M. Company’s return on investment (ROI) stands at -9.01% and return on equity (ROE) at -10.97%. Stock’s beta reads 1.89. Stock has a price to book (P/B) ratio of 0.03 while price to sale or P/S ratio amounts to 0.10. Its return on asset (ROA) is -8.03% on average.