EZGO Stock Forecast 2023, 2024 and 2025
EZGO Stock Forecast 2023: Latest Price
Article Coverage: EZGO Stock Performance, Latest EZGO News, Aggregated Forecasts, EZGO Latest Production Update, Reasons to Buy or Sell EZGO Stock, EZGO Investor Day Analysis, FAQs and Other detailed analysis.
EZGO Technologies Ltd. is a leading short-distance transportation solutions provider in China. The company designs, manufactures, and distributes a variety of electric vehicles, including golf carts, utility vehicles, and shuttles. EZGO went public on January 26, 2021, under the ticker symbol “EZGO” on the NASDAQ Capital Market.
Latest EZGO Stock News
- EZGO Technologies has announced the termination of its previously announced registered direct offering. Originally, they intended to issue 8,849,558 Ordinary Shares and warrants to purchase the same number of Ordinary Shares to specific institutional investors. However, the offering was terminated, with the exception of the sale of 351,433 pre-settlement Ordinary Shares. These shares were successfully sold to an investor at a price of $1.13 per share.
EZGO Stock – Buy or Sell? (New)
EZGO Stock Forecast 2023: Technical Analysis
- The Relative Strength Index is at 22.020, suggesting an “Oversold” condition.
- The Stochastic Relative Strength Index is at 7.655, signaling an “Oversold” condition.
- The Moving Average Convergence Divergence is at -0.420, also signaling a “Sell.”
- The Average True Range is 0.3398, indicating high volatility.
- The moving averages analysis indicates a sell signal.
Overall, the technical analysis for EZGO stock suggests a strong sell signal.
EZGO Stock Performance in the Last 12 Months
- Last 6 Months: -74.2%
- Last 12 Months: -46.6%
- Year to Date (2023): -51.5%
EZGO Stock Forecast 2023, 2024 and 2025
- EZGO Stock Forecast 2023: $0.17
- EZGO Stock Forecast 2024: $0.20
- EZGO Stock Forecast 2025: $0.24
EZGO Stock Price Forecast Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||N/A|
EZGO Quarterly Financial Results
Q1 of 2023 Details
EZGO Technologies Ltd. released its financial results for the six months ended March 31, 2023. The company reported revenues of $5.2 million, a decrease of 14.4% from the same period last year. Net loss was $5.0 million, compared to a net loss of $2.7 million in the same period last year.
- Net revenues decreased by 14.4% to $5.2 million, primarily due to the decrease of sales of e-bicycles.
- The gross profit margin was 3.5%, compared with 4.7% in the prior year period, primarily due to the lower gross profit margin on sales by Tianjin Dilang Technologies Co., Ltd. and Tianjin Jiahao Bicycle Co., Ltd.
- Net loss was $5.0 million, compared with $2.7 million in the prior year period, primarily due to the loss from the disposal of Tianjin Jiahao.
The company attributed the decrease in revenues to the following factors:
- The COVID-19 pandemic, which disrupted the company’s operations in China.
- Increased competition in the e-bicycles industry.
- Higher costs, due to inflation and supply chain disruptions.
The company is taking steps to improve its financial performance, including:
- Halting the production of low and middle-end products and focusing on the design, development, and production of mid-to-high-speed electric motorcycles through joint ventures or partnerships.
- Further enhancing the development and market promotion of lithium battery products for low-speed vehicles.
- Expanding overseas sales channels for its products.
- Making certain equity investment in some of the high-quality suppliers in the electric motorcycles and lithium battery industry.
EZGO Last 4 Quarters Summary
|(USD)||Mar 2023||Dec 2022||Sep 2022||Jun 2022|
|Net profit margin||-92.88%||-92.88%||-36.27%||-36.27%|
|Net change in cash||-1.1M||-1.1M||1.14M||1.14M|
|Cost of revenue||2.5M||2.5M||5.71M||5.71M|
Will EZGO reach $2 again in 2023?
It is difficult to say whether EZGO will reach $2 again in 2023. The company is facing a number of challenges, including the COVID-19 pandemic, increased competition, and higher costs. However, the company is also taking steps to improve its financial performance.
The company’s management has stated that they believe EZGO can reach $2 again in 2023, but they have also acknowledged that there are risks involved. The company’s success will depend on a number of factors, including the overall economic environment, the demand for e-bicycles, and the company’s ability to execute its business plan.
If the company is able to overcome the challenges it is facing and execute its business plan, it is possible that EZGO could reach $2 again in 2023. However, there is no guarantee of this.
Here are some of the factors that could help EZGO reach $2 again in 2023:
- The demand for e-bicycles increases.
- The company is able to reduce its costs and improve its gross profit margin.
- The company is able to expand its sales channels and reach new customers.
EZGO Stock Forecast 2023: How High Will EZGO Go in 2023?
It is impossible to say for sure how high EZGO will go in 2023. The stock price is influenced by a number of factors, including the company’s financial performance, the overall market conditions, and any new developments in the golf cart industry.
According to the analysts’ average price target, EZGO stock is expected to reach more than $2 in the next 12 months. However, it is important to note that price targets are just estimates, and the actual price of a stock can vary significantly.
Some of the factors that could help EZGO stock to go up include:
- Financial performance of the Company
- Positive developments in the golf cart industry
- Market conditions
- Demand for new products
Is EZGO a good stock to buy?
Here are some of the reasons why you might want to consider buying EZGO stock:
- Diversified product portfolio: EZGO has a diversified product portfolio, which helps to reduce its risk. The company’s products are used for a variety of purposes, including golf, leisure, and transportation.
- Pipeline of new products: EZGO has a strong pipeline of new products in development. These products could drive future growth for the company.
- Attractive valuation: EZGO stock is currently trading at a relatively low valuation. This could make it an attractive investment for investors who are looking for value.
EZGO Stock Forecast 2023: Reasons Not to Buy EZGO Stock
Here are some of the reasons why you might not want to buy EZGO stock:
- Declining demand for golf carts: The demand for golf carts has been declining in recent years, as more and more people are turning to electric vehicles for transportation.
- Increased competition: The golf cart industry is becoming increasingly competitive, as new companies enter the market.
- Regulatory challenges: The golf cart industry is subject to a number of regulatory challenges, which could make it difficult for EZGO to operate and could lead to lower profits.
- Product recalls: EZGO has recalled some of its products in the past. This could damage the company’s reputation and hurt its stock price.
- Financial performance: EZGO’s financial performance could decline if the company’s products are not successful.
EZGO Stock Forecast 2023: Frequently Asked Questions (FAQ)
Should I buy EZGO Stock now?
Whether or not you should buy EZGO stock now is a decision that only you can make. There are a number of factors to consider, including your investment goals, risk tolerance, and financial situation.
Will EZGO Stock Go Up?
Whether or not EZGO stock will go up is a question that cannot be answered definitively. There are a number of factors that could influence the stock price, including the company’s financial performance, the overall market conditions, and any new developments in the golf cart industry. According to the analysts’ average price target, EZGO stock is expected to reach more than $2 in the next 12 months
How much will EZGO stock be worth in 10 years?
The value of EZGO stock in 10 years is impossible to predict with certainty. There are many factors that could affect the stock price, including the company’s financial performance, the overall market conditions, and any new developments in the golf cart industry.
What is the best time to invest in EZGO Stock?
There is no one-size-fits-all answer to this question, as the best time to invest in EZGO stock will vary depending on your individual circumstances and investment goals.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.