EZGO Technologies (EZGO) AI Stock Analysis

• Market Cap: $1.70M
• Dividend Yield: N/A
• Average Volume (3M): 11.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -1.08%
• EPS Growth: 97.76%
• Country: US
• Employees: 70
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): N/A
• Shares Outstanding: 884,745
• 10 Day Avg. Volume: 3,377,711
• 30 Day Avg. Volume: 11,691,648
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00159
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: 6.44
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 8.20
• Enterprise Value/Ebitda: -1.43
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $2.00 ▲(0.00% Upside)

The score is primarily held back by weak financial performance—persistently large losses and ongoing negative free cash flow—despite only moderate leverage. Technicals also weigh on the score, with the stock in a clear downtrend below major moving averages and negative momentum. Valuation provides limited support because the company is unprofitable and there is no dividend yield data.

Positive Factors

Equity Incentive Plan

The new equity incentive plan aims to attract and retain talent, aligning leadership interests with shareholders, potentially enhancing operational capabilities.

CFO Transition

The appointment of a new CFO with extensive experience is expected to bring fresh perspectives to financial strategies, potentially improving financial operations.

Warrant Exchange Agreement

The warrant exchange agreement aims to optimize the capital structure, potentially enhancing shareholder value by reducing outstanding warrants.

Negative Factors

Negative Cash Flows

Persistent negative cash flows indicate cash management challenges, impacting the company's ability to fund operations and invest in growth.

Consistent Net Losses

Ongoing net losses highlight profitability challenges, which could affect long-term financial stability and limit reinvestment opportunities.

Decline in Stockholders' Equity

A decline in stockholders' equity suggests financial deterioration, potentially reducing the company's ability to absorb financial shocks.

EZGO Technologies Business Overview & Revenue Model

Company Description

EZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and e-tricycles in the People's Republic of China. It is also involved the rental and sale of lithium batteries; and sale, franchising, and operation of smart charging piles for e-bicycles and other electronic devices. The company offers its e-bicycles and e-tricycles under the Dilang, Cenbird, and EZGO brands; and smart charging piles under the Hengdian brand. Further, it sells battery packs and cells. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. EZGO Technologies Ltd. was founded in 2014 and is headquartered in Changzhou, China.

How the Company Makes Money

EZGO Technologies generates revenue through the sale of its electric scooters and related products. The company targets both individual consumers and businesses, including fleet operators and rental companies. Key revenue streams include direct sales via online channels, retail partnerships, and bulk orders from corporate clients. Additionally, EZGO may engage in strategic partnerships with technology firms and other companies in the transportation sector to expand its market presence and enhance its product offerings. The company's earnings are influenced by factors such as product innovation, market demand for sustainable transport solutions, and competitive pricing strategies.

EZGO Technologies Financial Statement Overview

Summary

EZGO Technologies is facing financial challenges with consistent net losses and negative cash flows. Despite some revenue growth and a stable equity position, the company struggles with profitability and cash flow issues.

Income Statement

EZGO Technologies has shown revenue growth from the previous year, but it remains unprofitable with negative net income and EBIT margins. The gross profit margin has slightly improved but remains low. The company is struggling with consistent losses, impacting its financial stability.

Balance Sheet

The balance sheet shows a stable equity position with a reasonable debt-to-equity ratio. However, the company has seen a decline in stockholders' equity over the past year. The equity ratio remains strong, providing some buffer against liabilities. There is concern over increasing liabilities and decreasing cash reserves.

Cash Flow

EZGO Technologies has negative operating and free cash flows, indicating cash management challenges. Free cash flow growth is negative, and the operating cash flow to net income ratio is unfavorable, highlighting inefficiencies in converting income to cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.49M	20.49M	21.13M	15.92M	17.39M	23.42M
Gross Profit	1.33M	1.33M	1.51M	1.14M	219.04K	382.48K
EBITDA	-7.64M	-7.64M	-7.83M	-3.61M	-5.82M	-3.41M
Net Income	-8.69M	-8.69M	-7.28M	-6.78M	-6.46M	-2.98M
Balance Sheet
Total Assets	69.07M	69.07M	85.36M	81.91M	47.51M	42.01M
Cash, Cash Equivalents and Short-Term Investments	517.34K	517.34K	5.03M	17.94M	5.09M	7.16M
Total Debt	11.43M	11.43M	14.75M	6.10M	2.81M	310.39K
Total Liabilities	18.11M	18.11M	24.38M	15.42M	13.97M	9.48M
Stockholders Equity	48.40M	48.40M	58.57M	63.39M	30.64M	28.52M
Cash Flow
Free Cash Flow	-3.53M	-4.28M	-14.43M	-14.10M	-12.13M	-17.48M
Operating Cash Flow	-1.46M	-2.21M	-10.31M	-9.11M	-10.36M	-6.26M
Investing Cash Flow	-3.02M	-495.77K	-11.24M	-13.97M	-4.48M	-11.04M
Financing Cash Flow	-4.27M	-1.22M	8.63M	36.17M	14.24M	22.76M

EZGO Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 2 is below the 20-day moving average (MA) of 2.01, below the 50-day MA of 2.61, and below the 200-day MA of 6.28, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 59.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EZGO.

EZGO Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VEEE	46 Neutral	$4.41M	-0.29	-59.55%	―	-34.70%	36.13%
EZGO	41 Neutral	$1.70M	>-0.01	-7.28%	―	-1.08%	97.76%
VMAR	41 Neutral	$4.70M	>-0.01	―	―	-66.16%	78.81%
REE	39 Underperform	$24.85M	-0.11	―	―	―	―

EZGO Technologies Corporate Events

EZGO Technologies Regains Nasdaq Compliance Following Reverse Split

EZGO Technologies Ltd. has successfully regained compliance with Nasdaq’s minimum bid price requirement after implementing a 1-for-25 reverse share split on November 21, 2025. This action ensured that the company’s share price remained above the required $1.00 threshold for 13 consecutive business days, leading Nasdaq to confirm the closure of the compliance issue.

The most recent analyst rating on (EZGO) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.

EZGO Technologies Announces Reverse Share Split to Maintain Nasdaq Listing

On November 7, 2025, EZGO Technologies Ltd. announced a 1-for-25 reverse share split of its ordinary shares, effective November 21, 2025, to maintain its Nasdaq listing. This move reduces the number of issued and outstanding shares from 21,700,706 to approximately 868,029, aiming to increase the market price per share.

The most recent analyst rating on (EZGO) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.

EZGO Technologies Approves Key Proposals at Extraordinary Shareholder Meeting

On November 4, 2025, EZGO Technologies Ltd. held an extraordinary meeting of shareholders where all three proposals were approved. These included a change in the company’s authorized shares, the adoption of an amended memorandum and articles of association, and the potential adjournment of the meeting if necessary. The approval of these proposals signifies a strategic move to enhance the company’s capital structure and governance, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (EZGO) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.

EZGO Technologies Adjourns Shareholder Meeting Due to Lack of Quorum

On November 3, 2025, EZGO Technologies Ltd. announced the adjournment of its extraordinary meeting of shareholders due to the lack of a quorum. The meeting, initially convened earlier that day, will be reconvened on November 4, 2025, to allow more time for proxy solicitation. The company’s board of directors has resolved that if a quorum is still not present at the rescheduled meeting, the shareholders present will constitute a quorum. This development highlights the company’s ongoing efforts to engage shareholders in key decision-making processes.

The most recent analyst rating on (EZGO) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.

EZGO Technologies Proposes Super Voting Share Structure Amid Governance Changes

EZGO Technologies Ltd., a company based in Changzhou, China, is set to hold an extraordinary meeting of shareholders on November 3, 2025. The meeting will address significant changes to the company’s voting structure, including the introduction of a super voting share structure that grants preferred shares 20 votes each, compared to one vote per ordinary share. This move aims to concentrate voting power among preferred shareholders, potentially impacting the influence of ordinary shareholders on corporate decisions. The proposed changes, if approved, could affect the company’s governance and market dynamics by limiting the ability of ordinary shareholders to influence major transactions and corporate actions.

The most recent analyst rating on (EZGO) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on EZGO Technologies stock, see the EZGO Stock Forecast page.