ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 3,227,823 shares changed hands during mid-day trading, an increase of 57% from the previous session's volume of 2,058,986 shares.The stock last traded at $2.30 and had previously closed at $2.20.
ECARX Stock Performance
The business's 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.79. The company has a market capitalization of $806.34 million, a price-to-earnings ratio of -6.21 and a beta of 0.68.
ECARX (NASDAQ:ECX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.03). The firm had revenue of $168.40 million for the quarter, compared to the consensus estimate of $154.18 million. On average, sell-side analysts expect that ECARX Holdings, Inc. will post -0.42 earnings per share for the current year.
Institutional Trading of ECARX
Institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC acquired a new stake in ECARX during the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC acquired a new stake in ECARX during the fourth quarter valued at approximately $32,000. XTX Topco Ltd acquired a new stake in ECARX during the fourth quarter valued at approximately $52,000. Citadel Advisors LLC acquired a new stake in ECARX during the fourth quarter valued at approximately $68,000. Finally, Goldman Sachs Group Inc. lifted its stake in ECARX by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock valued at $94,000 after purchasing an additional 22,498 shares during the last quarter.
About ECARX
(
Get Free Report)
ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.
Featured Articles
Before you consider ECARX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ECARX wasn't on the list.
While ECARX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
