ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) shares were down 4.4% on Thursday . The stock traded as low as $1.62 and last traded at $1.63. Approximately 461,891 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,900,949 shares. The stock had previously closed at $1.70.
Analyst Upgrades and Downgrades
Separately, UBS Group initiated coverage on shares of ECARX in a report on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price target on the stock.
Get Our Latest Stock Analysis on ECARX
ECARX Trading Up 3.8%
The company has a 50-day moving average of $1.32 and a 200-day moving average of $1.80. The company has a market capitalization of $611.70 million, a price-to-earnings ratio of -3.30 and a beta of 0.56.
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 firm had revenue of $168.40 million during the quarter, compared to analyst estimates of $154.18 million. On average, research analysts expect that ECARX Holdings Inc. will post -0.42 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new stake in shares of ECARX during the first quarter worth $3,722,000. Valliance Asset Management Ltd purchased a new position in ECARX in the 1st quarter worth $2,252,000. Infini Capital Management Ltd acquired a new stake in ECARX during the 1st quarter worth about $2,005,000. Jane Street Group LLC grew its stake in ECARX by 234.4% during 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. Finally, Hhlr Advisors LTD. purchased a new stake in ECARX during the 1st quarter valued at about $504,000.
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.
See Also
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