ECARX (NASDAQ:ECX) Shares Gap Up – What’s Next?

ECARX Holdings Inc. (NASDAQ:ECX)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.80. ECARX shares last traded at $1.84, with a volume of 81,426 shares.

ECARX Stock Up 5.4 %

The company has a market capitalization of $623.52 million, a price-to-earnings ratio of -3.69 and a beta of 0.35. The stock’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $1.81.

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 during the quarter. During the same period in the prior year, the company posted ($0.26) earnings per share. On average, sell-side analysts forecast that ECARX Holdings Inc. will post -0.42 EPS for the current year.

Institutional Trading of ECARX

A hedge fund recently bought a new stake in ECARX stock. Green Alpha Advisors LLC bought a new stake in ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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.