ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s share price fell 2.9% during trading on Wednesday . The company traded as low as $1.82 and last traded at $1.85. 830,825 shares changed hands during trading, a decline of 57% from the average session volume of 1,941,089 shares. The stock had previously closed at $1.90.
ECARX Price Performance
The firm has a market cap of $648.78 million, a price-to-earnings ratio of -5.00 and a beta of 0.56. The business has a 50-day moving average of $1.46 and a 200-day moving average of $1.79.
ECARX (NASDAQ:ECX - Get Free Report) last posted 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 business had revenue of $168.40 million during the quarter, compared to analysts' expectations of $154.18 million. As a group, equities analysts anticipate that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On ECARX
Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in ECARX during the fourth quarter worth $30,000. Tower Research Capital LLC TRC acquired a new position in shares of ECARX during the 4th quarter worth about $32,000. XTX Topco Ltd acquired a new position in shares of ECARX during the 4th quarter worth about $52,000. Citadel Advisors LLC bought a new stake in shares of ECARX in the 4th quarter valued at about $68,000. Finally, Goldman Sachs Group Inc. lifted its stake in ECARX by 43.3% in the 1st 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
(
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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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