Summary
• EZGO Technologies Ltd. shares dropped 6.98% to $2 in after-hours trading, reflecting ongoing market activity.
• The company announced a 1-for-25 reverse share split effective November 21, 2025, aimed at adjusting its ordinary shares.
• EZGO has seen significant declines across various timeframes, with a year-to-date drop of 89.5% and a monthly decrease of 41.5%.
EZGO Technologies Ltd. (NASDAQ: EZGO) saw its stock slip to $2 after-hours, a decline of 6.98% from the last close of $2.15. The movement reflects an ongoing trend amid routine trading conditions, with no fresh catalyst identified.
Recent Corporate Actions and Market Context
On November 19, EZGO announced a 1-for-25 reverse share split, effective November 21, 2025. This strategic choice by EZGO’s board aimed to adjust its ordinary shares for various potential business maneuvers. The reverse split may have implications for the company’s stock price and perceived value, but it does not appear to be behind today’s notable share movement.
Currently, EZGO’s technical indicators show widespread challenges. The stock is significantly down, with a year-to-date decline of 89.5%. At the same time, the performance over the last quarter has decreased by 34.6%, highlighting a tough environment for the company.
[chart type=’performance’ value=’EZGO’]
Market and Technical Picture
The stocks of EZGO are currently facing negative technical trends. Key metrics reveal an average 10-day volume of approximately 82,612 shares, which is considerably lower than the three-month average volume of 462,058 shares. The company has registered substantial declines across various timeframes, with its weekly performance down 0.9%, monthly performance at -41.5%, and an alarming decline of 90.3% over the last year.
From a technical standpoint, the Relative Strength Index (RSI) is at 39.51, indicating that the stock is nearing oversold territory. However, the stock’s performance against its Simple Moving Averages (SMA) is telling, with deviations showing it is down 5.8% from the 20-day SMA, down 36.5% from the 50-day SMA, and down 69.1% from the 200-day SMA, suggesting a broader bearish trend.
[chart type=’price’ value=’EZGO’]
Closing Thoughts
With shares reacting to recent market conditions and without fresh news, the stock continues to reflect routine trading activity. Investors will be monitoring how EZGO navigates through its challenging performance metrics as the market watches for any shifts in momentum heading into the next session.