ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.05, but opened at $2.14. ECARX shares last traded at $2.12, with a volume of 573,656 shares.
ECARX Trading Down 1.1%
The stock has a 50-day simple moving average of $1.65 and a 200 day simple moving average of $1.79. The stock has a market capitalization of $806.34 million, a price-to-earnings ratio of -6.21 and a beta of 0.68.
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 firm had revenue of $168.40 million for the quarter, compared to analyst estimates of $154.18 million. Sell-side analysts expect that ECARX Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ECARX
A number of institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new position in shares of ECARX in the fourth quarter worth $30,000. Tower Research Capital LLC TRC purchased a new position in ECARX in the fourth quarter valued at about $32,000. XTX Topco Ltd acquired a new position in ECARX in the 4th quarter worth about $52,000. Citadel Advisors LLC acquired a new position in ECARX in the 4th quarter worth about $68,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of ECARX by 43.3% during the 1st 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.
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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