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EZGO Technologies
(NASDAQ:EZGO)
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Rating:40Underperform
Price Target:
$0.85
▼(-10.00% Downside)
Action:Reiterated
Date:07/22/26
The score is driven primarily by weak financial performance—very low margins, large losses, and negative free cash flow—despite modest revenue growth and moderate leverage. Technicals also weigh heavily, with the stock trading below key moving averages and bearish MACD alongside oversold momentum. Valuation provides little support due to negative earnings (negative P/E) and no dividend yield.
Positive Factors
Modest Revenue Growth
Revenue growth indicates that EZGO continues to generate demand for its e-mobility and related products despite a difficult profitability profile. If the company can preserve this trajectory while improving product mix and cost control, a larger sales base could support operating leverage over the next several quarters.
Negative Factors
Persistent Unprofitability
Very low gross margins leave limited protection against operating expenses, while the large net loss shows that current sales are not translating into sustainable earnings. Unless EZGO improves pricing, product mix, and cost efficiency, growth may continue to consume resources rather than build durable shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Revenue Growth
Revenue growth indicates that EZGO continues to generate demand for its e-mobility and related products despite a difficult profitability profile. If the company can preserve this trajectory while improving product mix and cost control, a larger sales base could support operating leverage over the next several quarters.
Read all positive factors
EZGO Technologies (EZGO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.05M
Dividend YieldN/A
Average Volume (3M)76.25K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth6.06%
EPS Growth-619.20%
CountryUS
Employees60
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-887.55
Shares Outstanding2,305,899
10 Day Avg. Volume32,190
30 Day Avg. Volume76,247
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.10
Price to Sales (P/S)0.24
P/FCF Ratio-1.14
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EZGO Technologies Business Overview & Revenue Model
Company Description
EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Cont...
How the Company Makes Money
EZGO primarily makes money by selling electric bicycles and related e-mobility products through its operating subsidiaries. Key revenue streams typically include: (1) product sales revenue from e-bikes sold to distributors, retailers, and/or end c...
EZGO Technologies Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
55
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.28M | 20.49M | 18.22M | 9.16M | 17.39M | 23.42M |
| Gross Profit | 1.05M | 1.33M | 1.70M | 1.03M | 219.04K | 382.48K |
| EBITDA | -9.81M | -7.57M | -5.85M | -3.39M | -6.00M | -3.30M |
| Net Income | -11.17M | -8.69M | -7.28M | -6.78M | -6.46M | -2.98M |
Balance Sheet | ||||||
| Total Assets | 80.22M | 69.07M | 85.36M | 81.92M | 47.51M | 42.01M |
| Cash, Cash Equivalents and Short-Term Investments | 811.85K | 517.34K | 5.96M | 17.94M | 5.12M | 8.28M |
| Total Debt | 11.24M | 11.43M | 14.73M | 6.10M | 2.81M | 310.39K |
| Total Liabilities | 18.57M | 18.11M | 24.38M | 15.42M | 13.97M | 9.48M |
| Stockholders Equity | 59.10M | 48.40M | 58.57M | 63.39M | 30.64M | 28.52M |
Cash Flow | ||||||
| Free Cash Flow | -10.21M | -4.28M | -14.43M | -12.37M | -10.59M | -12.98M |
| Operating Cash Flow | -8.67M | -2.21M | -10.31M | -9.11M | -10.36M | -6.26M |
| Investing Cash Flow | 10.18M | -495.77K | -11.24M | -13.97M | -4.48M | -11.04M |
| Financing Cash Flow | 171.49K | -1.22M | 8.63M | 36.17M | 14.24M | 22.76M |
EZGO Technologies Technical Analysis
Negative
0.94
Price Trends
1.08
Negative
33.62
Negative
147.32
Negative
Market Momentum
-0.37
Negative
32.23
Neutral
14.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EZGO, the sentiment is Negative. The current price of 0.94 is below the 20-day moving average (MA) of 1.02, below the 50-day MA of 1.08, and below the 200-day MA of 147.32, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 32.23 is Neutral, neither overbought nor oversold. The STOCH value of 14.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EZGO.
EZGO Technologies Risk Analysis
EZGO Technologies disclosed 67 risk factors in its most recent earnings report. EZGO Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EZGO Technologies Peers Comparison
UnderperformOutperform
Sector (61)
EZGO
EZGO Technologies
0.89
-522.23
-99.83%
VMAR
Vision Marine Technologies
8.69
-5,311.32
-99.84%
VEEE
Twin Vee PowerCats
9.90
-82.23
-89.25%
EZGO Technologies Corporate Events
EZGO Technologies Closes US$1.5 Million PIPE Financing
Aug 20, 2026
On August 5, 2026, EZGO Technologies Ltd. entered into a securities purchase agreement with certain non-U.S. investors for a private investment in public equity, agreeing to sell 3,000,000 ordinary shares at US$0.50 per share for gross proceeds of...
EZGO Technologies Posts Wider Loss on Lower Battery Sales in First Half 2026
Aug 14, 2026
On August 14, 2026, EZGO Technologies filed a Form 6-K reporting unaudited financial results for the six months ended March 31, 2026, showing net revenues of about $6.36 million, down 3.1% year on year. The filing highlighted a significantly wider...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.