ECARX (NASDAQ:ECX) Trading Down 4.8% – Here’s Why

ECARX Holdings Inc. (NASDAQ:ECX) fell 4.8% during mid-day trading on Wednesday . The stock traded as low as $1.68 and last traded at $1.68. 267,838 shares were traded 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 Down 4.8 %

The business’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $1.81. The company has a market capitalization of $566.07 million, a PE ratio of -3.35 and a beta of 0.35.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ECARX stock. Green Alpha Advisors LLC purchased a new stake in shares of ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 78,996 shares of the company’s stock, valued at approximately $167,000.

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.