ECARX (NASDAQ:ECX) Stock Price Up 7.9% - Here's What Happened

ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s share price traded up 7.9% during trading on Monday . The stock traded as high as $2.11 and last traded at $2.09. 174,791 shares changed hands during trading, a decline of 91% from the average session volume of 2,006,753 shares. The stock had previously closed at $1.94.

ECARX Price Performance

The firm has a fifty day moving average of $1.60 and a two-hundred day moving average of $1.79. The stock has a market capitalization of $810.79 million, a P/E ratio of -6.30 and a beta of 0.68.

ECARX (NASDAQ:ECX - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $154.18 million. As a group, sell-side analysts forecast that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On ECARX

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in ECARX in the fourth quarter valued at approximately $364,000. Northern Trust Corp raised its position in ECARX by 103.8% during the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company's stock worth $172,000 after acquiring an additional 41,568 shares during the period. Citadel Advisors LLC acquired a new stake in ECARX in the 4th quarter worth about $68,000. Barclays PLC purchased a new position in shares of ECARX during the 4th quarter worth $348,000. Finally, Millennium Management LLC purchased a new stake in shares of ECARX in the fourth quarter valued at about $207,000.

About ECARX

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.