ECARX (NASDAQ:ECX) Shares Gap Up to $1.60

Shares of ECARX Holdings Inc. (NASDAQ:ECX) gapped up before the market opened on Thursday . The stock had previously closed at $1.60, but opened at $1.65. ECARX shares last traded at $1.65, with a volume of 379 shares traded.

ECARX Price Performance

The company’s 50-day moving average price is $2.18 and its 200-day moving average price is $2.74. The company has a market cap of $527.20 million, a P/E ratio of -4.11 and a beta of 0.13.

ECARX (NASDAQ:ECX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $263.10 million for the quarter. On average, equities research analysts predict that ECARX Holdings Inc. will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Northern Trust Corp acquired a new position in ECARX during the fourth quarter worth $161,000. Schonfeld Strategic Advisors LLC acquired a new position in ECARX during the third quarter worth $51,000. Invesco Ltd. boosted its holdings in ECARX by 2.6% during the third quarter. Invesco Ltd. now owns 270,982 shares of the company’s stock worth $840,000 after purchasing an additional 6,793 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in ECARX in the second quarter valued at $102,000. Finally, Geode Capital Management LLC lifted its stake in ECARX by 38.7% in the second quarter. Geode Capital Management LLC now owns 100,990 shares of the company’s stock valued at $703,000 after acquiring an additional 28,184 shares during the last quarter.

ECARX Company 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.