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EZGO Technologies Ltd. (NASDAQ: EZGO), a company specializing in short-distance transportation solutions, saw its stock price plummet to $0.37, marking a new 52-week low. The company’s financial health score from InvestingPro stands at a concerning 1.56, labeled as "WEAK," with particularly low scores in profit (0.9) and price momentum (0.05). This latest price level reflects a significant downturn for the company, which has experienced a precipitous 1-year change, with its stock value eroding by -88.54%. The sharp decline has raised concerns among investors and market analysts, as EZGO grapples with a significant debt burden and rapidly diminishing cash reserves. With a gross profit margin of just 7.14% and negative EBITDA of -$3.27M, the company’s performance is being closely monitored for signs of stabilization or further deterioration in the coming quarters. InvestingPro subscribers can access 15 additional key insights about EZGO’s financial situation and future prospects.
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