Shares of ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 493,958 shares traded hands during trading, a decline of 17% from the previous session's volume of 593,573 shares.The stock last traded at $2.81 and had previously closed at $2.83.
Analyst Upgrades and Downgrades
Separately, UBS Group initiated coverage on ECARX in a research note on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price target for the company.
Read Our Latest Report on ECARX
ECARX Price Performance
The business has a 50 day moving average of $2.10 and a 200 day moving average of $1.93. The company has a market cap of $885.43 million, a PE ratio of -5.24 and a beta of 0.23.
Hedge Funds Weigh In On ECARX
Several large investors have recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new position in shares of ECARX in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC bought a new stake in shares of ECARX during the 4th quarter valued at about $32,000. XTX Topco Ltd bought a new stake in shares of ECARX during the 4th quarter valued at about $52,000. Citadel Advisors LLC bought a new stake in shares of ECARX during the 4th quarter valued at about $68,000. Finally, Northern Trust Corp grew its stake in shares of ECARX by 103.8% during the 4th 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 Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider ECARX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ECARX wasn't on the list.
While ECARX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
