ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) shares 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 trading hands.
ECARX Price Performance
The stock's 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.80. The company has a market capitalization of $830.44 million, a P/E ratio of -6.40 and a beta of 0.68.
ECARX (NASDAQ:ECX - Get Free Report) last issued its quarterly 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 analyst estimates of $154.18 million. As a group, equities research analysts expect that ECARX Holdings, Inc. will post -0.42 earnings per share for the current year.
Institutional Investors Weigh In On ECARX
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position 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 during the period. Jane Street Group LLC boosted its stake in shares of ECARX by 234.4% in the 1st quarter. Jane Street Group LLC now owns 576,490 shares of the company's stock valued at $726,000 after purchasing an additional 404,119 shares during the last quarter. Hhlr Advisors LTD. acquired a new stake in shares of ECARX during the 1st quarter worth approximately $504,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ECARX during the 1st quarter worth approximately $213,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of ECARX during the first quarter worth approximately $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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