EZGO Technologies Ltd (EZGO): The stock long term indicators say Sell today

EZGO Technologies Ltd (EZGO) saw an uptrend of 1.34% in the recent trading with $0.06 being its most recent. The current price level -97.82% lower than the highest price of $2.77 marked by the stock while trading over the past 52-weeks, whereas it is 11.46% higher than the lowest price of $0.05 the company dropped to over past 52-weeks. The latest news story on EZGO appeared in (PR Newswire) under the title “EZGO Announces Receipt of Nasdaq Delisting Determination and Plan to Appeal”.

Squeezing the time span to 30 day period shows us the stock is currently trading -40.77% below one month high and is +11.46% above of the lowest during that time. Looking into the simple moving average, EZGO Technologies Ltd (EZGO)’s stock stands at a SMA-50 of $0.0883 while that of 5-day is reading $0.0604.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and EZGO’s SMA-200 as of now is $0.6168.

EZGO Technologies Ltd Earnings – What Happened With EZGO

Coming around sales and income figures on EZGO Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

EZGO – EZGO Technologies Ltd Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 102.10 million. EZGO does have institutional investors; and they hold 1.41% of the stock.

EZGO Technologies Ltd – Insider Activity and Holdings

As on Jun 29, 2023, Renaissance Technologies, LLC was the top most holder in EZGO Technologies Ltd (NASDAQ:EZGO) with an ownership of 85800.0 shares of the company or 0.16% of the stake worth $0.14 million. The filing also reveals Citadel Advisors Llc as the second largest holder in the company with a control over 0.13% of the outstanding shares. Its stake is worth $0.11 million for having 65070.0 shares in hand.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, EZGO Technologies Ltd has a debt to equity ratio of 0.10.

Technical Analysis of EZGO Technologies Ltd (NASDAQ:EZGO) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for EZGO Technologies Ltd (EZGO), we notice that the stock’s 20-day average volume is at 3,012,550 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 2,314,294 shares. And to end, EZGO’s 100-day average volume is 2,412,992 shares with 100% of the long-term indicators pointing towards Sell for the stock.