ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) 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 changing hands.
ECARX Price Performance
The company has a market cap of $834.14 million, a P/E ratio of -6.43 and a beta of 0.68. The company has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $1.80.
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 the consensus estimate of ($0.05) by ($0.03). The business had revenue of $168.40 million for the quarter, compared to the consensus estimate of $154.18 million. On average, analysts anticipate that ECARX Holdings, Inc. will post -0.42 EPS for the current year.
Hedge Funds Weigh In On ECARX
Several institutional investors and hedge funds have recently modified their holdings of ECX. Goldman Sachs Group Inc. boosted its holdings in ECARX by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock worth $94,000 after purchasing an additional 22,498 shares in the last quarter. Jane Street Group LLC boosted its holdings in ECARX by 234.4% in the first quarter. Jane Street Group LLC now owns 576,490 shares of the company's stock worth $726,000 after purchasing an additional 404,119 shares in the last quarter. Hhlr Advisors LTD. bought a new stake in ECARX in the first quarter worth $504,000. Cubist Systematic Strategies LLC bought a new stake in ECARX in the first quarter worth $213,000. Finally, Ghisallo Capital Management LLC bought a new stake in ECARX in the first quarter worth $441,000.
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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