ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s share price fell 2.9% during trading on Wednesday . The stock traded as low as $1.82 and last traded at $1.85. 830,825 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,941,089 shares. The stock had previously closed at $1.90.
ECARX Trading Down 3.9%
The company's 50-day moving average is $1.41 and its 200 day moving average is $1.79. The stock has a market capitalization of $676.58 million, a PE ratio of -5.21 and a beta of 0.56.
ECARX (NASDAQ:ECX - Get Free Report) last posted 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 business had revenue of $168.40 million for the quarter, compared to analyst estimates of $154.18 million. Sell-side analysts forecast that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.
Institutional Investors Weigh In On ECARX
A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in ECARX during the 4th quarter valued at approximately $364,000. Northern Trust Corp raised its holdings in shares of ECARX by 103.8% during the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company's stock worth $172,000 after purchasing an additional 41,568 shares during the last quarter. Citadel Advisors LLC acquired a new position in ECARX during the fourth quarter valued at $68,000. Barclays PLC purchased a new stake in ECARX in the fourth quarter valued at $348,000. Finally, Millennium Management LLC purchased a new position in shares of ECARX during the 4th quarter valued at about $207,000.
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.
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