Infini Capital Management Ltd Invests $2.01 Million in ECARX Holdings, Inc. (NASDAQ:ECX)

Infini Capital Management Ltd purchased a new position in shares of ECARX Holdings, Inc. (NASDAQ:ECX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,591,044 shares of the company's stock, valued at approximately $2,005,000. ECARX makes up approximately 2.0% of Infini Capital Management Ltd's holdings, making the stock its 7th biggest holding. Infini Capital Management Ltd owned approximately 0.43% of ECARX as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Two Sigma Securities LLC acquired a new position in ECARX in the fourth quarter worth $30,000. Tower Research Capital LLC TRC acquired a new position in ECARX in the fourth quarter worth $32,000. XTX Topco Ltd acquired a new position in ECARX in the fourth quarter worth $52,000. Citadel Advisors LLC acquired a new position in ECARX in the fourth quarter worth $68,000. Finally, Northern Trust Corp boosted its holdings in shares of ECARX by 103.8% during the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company's stock valued at $172,000 after acquiring an additional 41,568 shares during the period.

ECARX Stock Performance

Shares of ECX traded down $0.17 during midday trading on Wednesday, hitting $2.08. 2,855,059 shares of the stock traded hands, compared to its average volume of 2,139,194. The firm has a market capitalization of $769.26 million, a PE ratio of -5.93 and a beta of 0.68. ECARX Holdings, Inc. has a 1-year low of $0.76 and a 1-year high of $3.25. The business's 50 day moving average price is $1.71 and its two-hundred day moving average price is $1.80.

ECARX (NASDAQ:ECX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $168.40 million for the quarter, compared to the consensus estimate of $154.18 million. As a group, equities research analysts forecast that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.

ECARX Profile

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.