Ezgo Technologies Plunges 10.11% Post Reverse Split

On May 14, 2025, Ezgo Technologies experienced a significant drop of 10.11% in pre-market trading, marking a notable decline in its stock performance.

One of the key factors contributing to the stock's decline is the recent 1 for 40 reverse stock split performed by Ezgo Technologies. This corporate action means that shareholders now hold 1 share for every 40 shares they previously owned, which can impact the stock's liquidity and trading dynamics.

Additionally, the company's valuation metrics, such as its Price-to-Book ratio, have been under scrutiny. While specific data on Ezgo Technologies' valuation was not provided, the broader industry trends suggest that companies with lower Price-to-Book ratios may be perceived as undervalued, which could influence investor sentiment and trading behavior.