EZGO Technologies (EZGO) AI Stock Analysis

• Market Cap: $958.54K
• Dividend Yield: N/A
• Average Volume (3M): 11.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: -1.08%
• EPS Growth: 97.76%
• Country: US
• Employees: 70
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.23
• Shares Outstanding: 5,675,172
• 10 Day Avg. Volume: 3,377,711
• 30 Day Avg. Volume: 11,691,648
• PEG Ratio: <0.01
• Price to Book (P/B): 0.06
• Price to Sales (P/S): 0.16
• P/FCF Ratio: -0.24
• Enterprise Value/Market Cap: 15.68
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 8.88
• Enterprise Value/Ebitda: -12.33
• 1Y Price Target: $0.50
• Price Target Upside: 194.12% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: $0.00 ▼(-100.00% Downside)

EZGO Technologies' overall stock score is primarily impacted by its weak financial performance and challenging valuation. The technical analysis suggests a bearish trend, further weighing on the score. The lack of earnings call data and corporate events means these factors do not influence the score.

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.12M	21.13M	15.92M	17.39M	23.42M	16.84M
Gross Profit	1.69M	1.51M	1.14M	219.04K	382.48K	1.79M
EBITDA	-1.22M	-7.83M	-3.61M	-5.46M	-3.41M	157.65K
Net Income	-4.37M	-7.28M	-6.78M	-6.46M	-2.98M	276.92K
Balance Sheet
Total Assets	78.61M	85.36M	81.91M	47.51M	42.01M	19.82M
Cash, Cash Equivalents and Short-Term Investments	372.56K	5.03M	17.94M	5.09M	7.16M	2.53M
Total Debt	11.42M	14.75M	6.10M	2.81M	310.39K	319.63K
Total Liabilities	21.27M	24.38M	15.42M	13.97M	9.48M	6.67M
Stockholders Equity	55.05M	58.57M	63.39M	30.64M	28.52M	8.87M
Cash Flow
Free Cash Flow	-1.17M	-14.43M	-14.10M	-12.13M	-17.48M	1.68M
Operating Cash Flow	1.36M	-10.31M	-9.11M	-10.36M	-6.26M	4.02M
Investing Cash Flow	-5.87M	-11.24M	-13.97M	-4.48M	-11.04M	-3.35M
Financing Cash Flow	-2.00M	8.63M	36.17M	14.24M	22.76M	-4.00M

EZGO Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 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 0.17 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.22, and below the 200-day MA of 0.36, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 39.97 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
MPX	72 Outperform	$302.72M	21.92	10.54%	6.47%	-21.97%	-46.09%
MCFT	71 Outperform	$337.61M	67.54	5.84%	―	-22.47%	-29.30%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	46 Neutral	$244.25M	―	-2.85%	―	-3.02%	87.87%
VEEE	46 Neutral	$5.37M	―	-50.61%	―	-49.65%	17.30%
EZGO	45 Neutral	$958.54K	―	-7.28%	―	-1.08%	97.76%
VMAR	44 Neutral	$4.88M	―	-152.23%	―	-66.16%	78.81%

EZGO Technologies Corporate Events

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.

EZGO Technologies Implements New Equity Incentive Plan

On October 1, 2025, EZGO Technologies Ltd. adopted an equity incentive plan to enhance its ability to attract and retain key personnel. The plan became effective immediately, and on October 2, 2025, the company issued 3,400,000 ordinary shares to WXYZ Group Ltd., owned by CEO Jianhui Ye, as compensation for his continued service. This move is expected to strengthen the company’s operational capabilities and align the interests of its leadership with shareholders, potentially impacting its market positioning positively.

EZGO Technologies Announces CFO Transition in September 2025

EZGO Technologies Ltd. announced the resignation of Ms. Jingyan Wu as Chief Financial Officer, effective August 31, 2025, citing no disagreements with the company. Subsequently, Mr. Yuehan Ling was appointed as the new Chief Financial Officer effective September 4, 2025. Mr. Ling brings over a decade of experience in accounting and auditing, having previously worked at Ernst & Young Hua Ming LLP. This leadership change is expected to bring fresh perspectives to the company’s financial strategies and operations.

EZGO Technologies Announces Warrant Exchange Agreement to Optimize Capital Structure

On August 27, 2025, EZGO Technologies Ltd. announced a warrant exchange agreement with holders of 5,389,126 existing warrants, which were initially issued in September 2023. The agreement involves retiring these warrants in exchange for 1,246,000 ordinary shares and 10,879,534 pre-funded warrants. This move is expected to streamline the company’s capital structure and potentially enhance shareholder value by reducing the number of outstanding warrants. The pre-funded warrants, exercisable at $0.04 per share, are designed to prevent any holder from owning more than 4.99% or 9.99% of the company’s share capital, depending on their election, thus maintaining a balanced ownership structure.

EZGO Technologies Announces Leadership Change in Board of Directors

On July 30, 2025, Qixiang Liu resigned from his roles at EZGO Technologies Ltd., including as a director and the Chair of Nominating and Corporate Governance Committee. The following day, Zhenguo Wu was appointed to fill these positions. Wu brings substantial legal experience in capital markets, having worked at Watson & Band Law Offices and served as an independent director at WORK Medical Technology Group Ltd. His appointment is expected to contribute to the company’s governance and strategic direction.