EV Watch: EZGO Technologies Ltd (EZGO) Is Bearish And Falling Friday – InvestorsObserver
EZGO, a player in the EV market, is lower by 6.87% Friday as it underperforms the market. The market has been down on EZGO Technologies Ltd (EZGO) stock recently. EZGO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With EZGO Stock Today?
EZGO Technologies Ltd (EZGO) stock is lower by -6.87% while the S&P 500 has gained 0.29% as of 1:31 PM on Friday, Dec 23. EZGO is lower by -$0.03 from the previous closing price of $0.45 on volume of 12,834 shares. Over the past year the S&P 500 has fallen -18.37% while EZGO is lower by -76.14%. EZGO lost -$0.38 per share in the over the last 12 months.
More About EZGO Technologies Ltd
EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs segment and the E-bicycle sales segment. Click Here to get the full Stock Report for EZGO Technologies Ltd stock.
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