Ezgo Technologies Stock Probability of Future Stock Price Finishing Over 0.71
| EZGO Stock | USD 0.81 0.06 6.90% |
EZGO |
EZGO Technologies Target Price Odds to finish over 0.71
The tendency of EZGO Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.71 in 90 days |
| 0.81 | 90 days | 0.71 | over 95.88 |
Based on a normal probability distribution, the odds of EZGO Technologies to stay above $ 0.71 in 90 days from now is over 95.88 (This EZGO Technologies probability density function shows the probability of EZGO Stock to fall within a particular range of prices over 90 days) . Probability of EZGO Technologies price to stay between $ 0.71 and its current price of $0.81 at the end of the 90-day period is about 7.18 .
Given the investment horizon of 90 days EZGO Technologies has a beta of 0.34 suggesting as returns on the market go up, EZGO Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EZGO Technologies will be expected to be much smaller as well. Additionally EZGO Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. EZGO Technologies Price Density |
| Price |
Predictive Modules for EZGO Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EZGO Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.EZGO Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EZGO Technologies is not an exception. The market had few large corrections towards the EZGO Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold EZGO Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EZGO Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.56 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.11 |
EZGO Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of EZGO Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EZGO Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EZGO Technologies generated a negative expected return over the last 90 days | |
| EZGO Technologies has high historical volatility and very poor performance | |
| EZGO Technologies has some characteristics of a very speculative penny stock | |
| EZGO Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 15.92 M. Net Loss for the year was (7.26 M) with profit before overhead, payroll, taxes, and interest of 382.48 K. | |
| EZGO Technologies currently holds about 2.9 M in cash with (9.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| EZGO Technologies has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: EZGO Stock Surges Amidst Market Activity |
EZGO Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of EZGO Stock often depends not only on the future outlook of the current and potential EZGO Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. EZGO Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 M | |
| Cash And Short Term Investments | 17.9 M |
EZGO Technologies Technical Analysis
EZGO Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. EZGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EZGO Technologies. In general, you should focus on analyzing EZGO Stock price patterns and their correlations with different microeconomic environments and drivers.
EZGO Technologies Predictive Forecast Models
EZGO Technologies' time-series forecasting models is one of many EZGO Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary EZGO Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about EZGO Technologies
Checking the ongoing alerts about EZGO Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EZGO Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EZGO Technologies generated a negative expected return over the last 90 days | |
| EZGO Technologies has high historical volatility and very poor performance | |
| EZGO Technologies has some characteristics of a very speculative penny stock | |
| EZGO Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 15.92 M. Net Loss for the year was (7.26 M) with profit before overhead, payroll, taxes, and interest of 382.48 K. | |
| EZGO Technologies currently holds about 2.9 M in cash with (9.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| EZGO Technologies has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: EZGO Stock Surges Amidst Market Activity |
Check out EZGO Technologies Backtesting, EZGO Technologies Valuation, EZGO Technologies Correlation, EZGO Technologies Hype Analysis, EZGO Technologies Volatility, EZGO Technologies History as well as EZGO Technologies Performance. To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EZGO Technologies. If investors know EZGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EZGO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.771 | Earnings Share (63.06) | Revenue Per Share 9.401 | Quarterly Revenue Growth 0.661 | Return On Assets (0.05) |
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.