ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $2.49, but opened at $2.43. ECARX shares last traded at $2.64, with a volume of 846,375 shares traded.
Analysts Set New Price Targets
Separately, UBS Group began coverage on shares of ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 target price for the company.
Read Our Latest Stock Report on ECARX
ECARX Stock Down 2.7 %
The firm's 50 day simple moving average is $2.05 and its two-hundred day simple moving average is $1.91. The stock has a market cap of $931.05 million, a P/E ratio of -5.47 and a beta of 0.22.
Institutional Trading of ECARX
Several institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC acquired a new position in shares of ECARX during the fourth quarter valued at $30,000. Tower Research Capital LLC TRC acquired a new position in shares of ECARX during the fourth quarter valued at $32,000. XTX Topco Ltd acquired a new position in shares of ECARX during the fourth quarter valued at $52,000. Citadel Advisors LLC acquired a new position in shares of ECARX during the fourth quarter valued at $68,000. Finally, Green Alpha Advisors LLC acquired a new position in shares of ECARX during the fourth quarter valued at $167,000.
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.
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