ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) shares shot up 11.6% during mid-day trading on Thursday . The stock traded as high as $1.37 and last traded at $1.50. 1,403,315 shares changed hands during trading, a decline of 67% from the average session volume of 4,284,788 shares. The stock had previously closed at $1.34.
ECARX Trading Down 0.6%
The company's 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.77.
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 analysts' consensus estimates of ($0.05) by ($0.03). The business had revenue of $168.40 million during the quarter, compared to analysts' expectations of $154.18 million. On average, equities analysts anticipate that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On ECARX
Several large investors have recently bought and sold shares of ECX. Renaissance Technologies LLC bought a new stake in ECARX during the 4th quarter valued at $630,000. Barclays PLC bought a new position in ECARX during the 4th quarter valued at approximately $348,000. XTX Topco Ltd bought a new stake in ECARX during the 4th quarter valued at approximately $52,000. Marshall Wace LLP bought a new stake in ECARX during the fourth quarter worth about $245,000. Finally, Tower Research Capital LLC TRC bought a new position in ECARX in the 4th quarter worth about $32,000.
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.
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