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EZGO Technologies Ltd. (NASDAQ: EZGO), a company specializing in two- and three-wheeled electric vehicles, has seen its stock price plummet to a 52-week low of $0.32. According to InvestingPro data, the company’s market capitalization has shrunk to just $1.93 million, with concerning financial metrics including negative EBITDA of -$3.27 million. This latest price level reflects a significant downturn in the company’s market valuation over the past year. Investors have witnessed a dramatic 1-year change with EZGO’s stock value eroding by -86.09%, underscoring the challenges faced by the company in a competitive and rapidly evolving electric vehicle market. The steep decline to this new low point has raised concerns among shareholders about the company’s future performance and market position. InvestingPro analysis reveals weak fundamentals, with a concerning gross profit margin of 7.14% and an overall Financial Health score of 1.6, rated as WEAK. InvestingPro subscribers have access to 15 additional key insights about EZGO’s financial position.
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