ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s share price traded down 11.3% during trading on Thursday . The stock traded as low as $1.84 and last traded at $1.85. 1,221,588 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 2,362,911 shares. The stock had previously closed at $2.08.
ECARX Trading Down 30.8%
The company has a 50-day simple moving average of $1.79 and a 200 day simple moving average of $1.81. The firm has a market cap of $533.85 million, a PE ratio of -4.11 and a beta of 0.68.
ECARX (NASDAQ:ECX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.03). The firm had revenue of $168.40 million during the quarter, compared to analysts' expectations of $154.18 million. On average, equities analysts expect that ECARX Holdings, Inc. will post -0.42 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC purchased a new position in ECARX in the 4th quarter valued at $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of ECARX in the 4th quarter worth $32,000. XTX Topco Ltd acquired a new stake in shares of ECARX in the 4th quarter worth $52,000. Citadel Advisors LLC acquired a new stake in shares of ECARX in the 4th quarter worth $68,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of ECARX by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock worth $94,000 after acquiring an additional 22,498 shares during the last quarter.
ECARX Company Profile
(
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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.
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