ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) traded up 7.9% during trading on Wednesday . The company traded as high as $1.75 and last traded at $1.72. 711,687 shares were traded during trading, a decline of 62% from the average session volume of 1,894,266 shares. The stock had previously closed at $1.59.
Analyst Upgrades and Downgrades
Separately, UBS Group started coverage on ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 target price on the stock.
Get Our Latest Report on ECARX
ECARX Stock Up 3.8%
The stock has a market capitalization of $611.70 million, a PE ratio of -3.30 and a beta of 0.56. The stock's 50-day moving average is $1.32 and its 200 day moving average is $1.80.
ECARX (NASDAQ:ECX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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. As a group, equities research analysts forecast that ECARX Holdings Inc. will post -0.42 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new stake in shares of ECARX during the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC bought a new position in ECARX during the fourth quarter valued at approximately $32,000. XTX Topco Ltd acquired a new stake in ECARX in the fourth quarter valued at approximately $52,000. Citadel Advisors LLC bought a new stake in ECARX in the fourth quarter worth approximately $68,000. Finally, Goldman Sachs Group Inc. increased 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 during the last quarter.
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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