ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $2.39, but opened at $2.50. ECARX shares last traded at $2.26, with a volume of 821,056 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, UBS Group initiated coverage on shares of ECARX in a research report on Tuesday, February 11th. They set a "buy" rating and a $3.20 price target for the company.
View Our Latest Report on ECX
ECARX Price Performance
The company has a market cap of $787.42 million, a P/E ratio of -4.66 and a beta of 0.31. The company's 50-day moving average is $1.96 and its two-hundred day moving average is $1.87.
Institutional Investors Weigh In On ECARX
Several institutional investors and hedge funds have recently made changes to their positions in ECX. Renaissance Technologies LLC bought a new stake in shares of ECARX during the fourth quarter valued at approximately $630,000. Jane Street Group LLC bought a new stake in ECARX in the 4th quarter worth approximately $364,000. Barclays PLC bought a new stake in ECARX in the 4th quarter worth approximately $348,000. Virtu Financial LLC bought a new stake in ECARX in the 4th quarter worth approximately $319,000. Finally, Marshall Wace LLP bought a new stake in ECARX in the 4th quarter worth approximately $245,000.
About ECARX
(
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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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