Shares of ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) were up 7.6% during trading on Wednesday . The company traded as high as $2.31 and last traded at $2.34. Approximately 4,822,679 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 2,280,889 shares. The stock had previously closed at $2.17.
ECARX Stock Performance
The stock has a market cap of $533.85 million, a price-to-earnings ratio of -4.11 and a beta of 0.68. The business's fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.80.
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 analysts' consensus estimates of ($0.05) by ($0.03). The business had revenue of $168.40 million for the quarter, compared to analysts' expectations of $154.18 million. As a group, analysts forecast that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On ECARX
A number of institutional investors have recently added to or reduced their stakes in ECX. Two Sigma Securities LLC bought a new stake in shares of ECARX in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC bought a new stake in shares of ECARX in the 4th quarter worth about $32,000. XTX Topco Ltd bought a new stake in shares of ECARX in the 4th quarter worth about $52,000. Citadel Advisors LLC bought a new stake in shares of ECARX in the 4th quarter worth about $68,000. Finally, Goldman Sachs Group Inc. grew its position 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 last quarter.
ECARX Company Profile
(
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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