Shares of ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $2.08, but opened at $2.23. ECARX shares last traded at $2.31, with a volume of 631,925 shares traded.
ECARX Trading Up 8.2%
The company has a market cap of $834.14 million, a PE ratio of -6.43 and a beta of 0.68. The firm's 50-day simple moving average is $1.75 and its two-hundred day simple moving average is $1.80.
ECARX (NASDAQ:ECX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $168.40 million for the quarter, compared to analysts' expectations of $154.18 million. As a group, analysts predict that ECARX Holdings, Inc. will post -0.42 EPS for the current year.
Institutional Investors Weigh In On ECARX
A number of institutional investors and hedge funds have recently modified their holdings of ECX. Two Sigma Securities LLC acquired a new position in shares of ECARX in the 4th quarter valued at $30,000. Tower Research Capital LLC TRC purchased a new position in shares of ECARX in the 4th 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. boosted its position in ECARX by 43.3% during 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.
ECARX Company Profile
(
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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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