ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) fell 11.3% during trading on Thursday . The stock traded as low as $1.84 and last traded at $1.85. 1,221,588 shares changed 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 Stock Performance
The stock's 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.79. The firm has a market capitalization of $467.12 million, a PE ratio of -3.60 and a beta of 0.68.
ECARX (NASDAQ:ECX - Get Free Report) last announced its quarterly 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 company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $154.18 million. As a group, analysts predict that ECARX Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ECX. Two Sigma Securities LLC purchased a new stake in shares of ECARX during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of ECARX during the 4th quarter worth about $32,000. XTX Topco Ltd purchased a new position in ECARX during the 4th quarter valued at about $52,000. Citadel Advisors LLC purchased a new stake in ECARX during the fourth quarter worth approximately $68,000. Finally, Goldman Sachs Group Inc. increased its position in ECARX by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock worth $94,000 after buying an additional 22,498 shares during the period.
ECARX Company Profile
(
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
