Shares of ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1.73, but opened at $1.89. ECARX shares last traded at $1.91, with a volume of 544,499 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, UBS Group started coverage on ECARX in a research note on Tuesday. They issued a "buy" rating and a $3.20 price objective for the company.
Check Out Our Latest Analysis on ECARX
ECARX Stock Performance
The firm has a 50 day simple moving average of $1.90 and a two-hundred day simple moving average of $1.82. The firm has a market capitalization of $696.18 million, a P/E ratio of -4.12 and a beta of 0.31.
Institutional Investors Weigh In On ECARX
Several large investors have recently made changes to their positions in ECX. Marshall Wace LLP bought a new position in ECARX during the fourth quarter valued at $245,000. XTX Topco Ltd bought a new stake in ECARX during the 4th quarter worth approximately $52,000. Barclays PLC bought a new stake in ECARX during the fourth quarter valued at $348,000. Renaissance Technologies LLC bought a new position in shares of ECARX in the fourth quarter worth approximately $630,000. Finally, Virtu Financial LLC purchased a new stake in shares of ECARX during the 4th quarter valued at $319,000.
About ECARX
(
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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