ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report)'s stock price rose 7.6% 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 Trading Down 9.7%
The business's fifty day simple moving average is $1.79 and its two-hundred day simple moving average is $1.80. The stock has a market capitalization of $481.95 million, a P/E ratio of -3.71 and a beta of 0.68.
ECARX (NASDAQ:ECX - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $154.18 million. On average, equities research analysts anticipate that ECARX Holdings, Inc. will post -0.42 earnings per share for the current year.
Institutional Trading of ECARX
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECX. Goldman Sachs Group Inc. grew its position in ECARX by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock valued at $94,000 after purchasing an additional 22,498 shares during the period. Jane Street Group LLC raised its stake in ECARX by 234.4% in the 1st quarter. Jane Street Group LLC now owns 576,490 shares of the company's stock valued at $726,000 after acquiring an additional 404,119 shares during the period. Hhlr Advisors LTD. purchased a new position in ECARX during the 1st quarter valued at about $504,000. Cubist Systematic Strategies LLC purchased a new position in ECARX during the 1st quarter valued at about $213,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of ECARX during the first quarter worth about $441,000.
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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