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EZGO Technologies Ltd. (NASDAQ: EZGO), a manufacturer of two- and three-wheeled electric vehicles with a market capitalization of $2.55 million, saw its stock price plummet to a 52-week low of $0.44. According to InvestingPro data, the company’s beta of 1.81 indicates significantly higher volatility than the broader market. 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 -87.92%. Investors have been wary as the company grapples with market challenges and competitive pressures, evidenced by its weak gross profit margin of 7.14% and negative EBITDA of -$3.27 million. The steep decline to this new low point underscores the hurdles EZGO faces as it strives to regain its footing in the evolving electric vehicle market. InvestingPro subscribers have access to 17 additional key insights about EZGO’s financial health and market position.
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