ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s stock price was up 7.9% during mid-day trading on Wednesday . The company traded as high as $1.75 and last traded at $1.72. Approximately 711,687 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 1,894,266 shares. The stock had previously closed at $1.59.
Wall Street Analyst Weigh In
Separately, UBS Group started coverage on shares of ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 price target on the stock.
Read Our Latest Report on ECX
ECARX Stock Performance
The business has a fifty day moving average price of $1.30 and a 200 day moving average price of $1.79. The firm has a market capitalization of $589.46 million, a price-to-earnings ratio of -3.18 and a beta of 0.47.
ECARX (NASDAQ:ECX - Get Free Report) last released 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 company had revenue of $168.40 million during the quarter, compared to analysts' expectations of $154.18 million. On average, analysts expect that ECARX Holdings Inc. will post -0.42 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ECX. Deutsche Bank AG purchased a new position in ECARX in the first quarter valued at about $3,722,000. Valliance Asset Management Ltd bought a new position in ECARX during the 1st quarter worth $2,252,000. Infini Capital Management Ltd acquired a new position in ECARX during the 1st quarter valued at about $2,005,000. Jane Street Group LLC grew its holdings in ECARX by 234.4% in the 1st quarter. Jane Street Group LLC now owns 576,490 shares of the company's stock worth $726,000 after buying an additional 404,119 shares in the last quarter. Finally, Hhlr Advisors LTD. bought a new stake in ECARX during the 1st quarter valued at $504,000.
About ECARX
(
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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