ECARX (NASDAQ:ECX) Stock Price Down 4.8% – What’s Next?

ECARX Holdings Inc. (NASDAQ:ECX)’s share price traded down 4.8% on Wednesday . The company traded as low as $1.68 and last traded at $1.68. 267,838 shares traded hands during trading, a decline of 80% from the average session volume of 1,318,012 shares. The stock had previously closed at $1.76.

ECARX Stock Performance

The business has a 50 day simple moving average of $1.92 and a two-hundred day simple moving average of $1.81. The firm has a market capitalization of $544.10 million, a P/E ratio of -3.22 and a beta of 0.35.

ECARX (NASDAQ:ECX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $203.10 million for the quarter. During the same quarter in the previous year, the company posted ($0.26) EPS. On average, equities analysts anticipate that ECARX Holdings Inc. will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ECARX

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC bought a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 78,996 shares of the company’s stock, valued at approximately $167,000.

About ECARX

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.