ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) shares were up 11.6% on Thursday . The stock traded as high as $1.37 and last traded at $1.50. Approximately 1,403,315 shares changed hands during trading, a decline of 67% from the average daily volume of 4,284,788 shares. The stock had previously closed at $1.34.
ECARX Stock Up 17.2%
The stock has a market cap of $582.05 million, a PE ratio of -4.49 and a beta of 0.68. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $1.79.
ECARX (NASDAQ:ECX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) 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. Equities research analysts forecast that ECARX Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new stake in ECARX during the fourth quarter valued at $30,000. Tower Research Capital LLC TRC bought a new stake in shares of ECARX during the 4th quarter worth $32,000. XTX Topco Ltd purchased a new position in shares of ECARX in the fourth quarter worth approximately $52,000. Citadel Advisors LLC purchased a new stake in ECARX in the 4th quarter worth about $68,000. Finally, Goldman Sachs Group Inc. boosted 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 valued at $94,000 after buying an additional 22,498 shares during the period.
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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