ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $2.24, but opened at $2.19. ECARX shares last traded at $2.20, with a volume of 214,543 shares.
ECARX Stock Performance
The firm has a market cap of $771.12 million, a P/E ratio of -5.94 and a beta of 0.68. The stock has a 50 day simple moving average of $1.72 and a 200-day simple moving average of $1.80.
ECARX (NASDAQ:ECX - Get Free Report) last posted its 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 company had revenue of $168.40 million for the quarter, compared to analysts' expectations of $154.18 million. As a group, equities analysts forecast that ECARX Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.
Institutional Trading of ECARX
Several hedge funds have recently made changes to their positions in ECX. Two Sigma Securities LLC purchased a new position in ECARX during the fourth quarter worth $30,000. Tower Research Capital LLC TRC purchased a new stake in shares of ECARX in the fourth quarter valued at $32,000. XTX Topco Ltd bought a new stake in shares of ECARX in the 4th quarter worth about $52,000. Citadel Advisors LLC purchased a new position in shares of ECARX during the 4th quarter worth about $68,000. Finally, Goldman Sachs Group Inc. grew its holdings in ECARX by 43.3% during 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.
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.
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