ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $2.75, but opened at $2.82. ECARX shares last traded at $2.91, with a volume of 843,148 shares.
Wall Street Analyst Weigh In
Separately, UBS Group started coverage on ECARX in a research report on Tuesday, February 11th. They set a "buy" rating and a $3.20 price target on the stock.
View Our Latest Stock Report on ECARX
ECARX Stock Performance
The business's 50 day moving average is $2.18 and its 200-day moving average is $1.97. The stock has a market cap of $506.93 million, a price-to-earnings ratio of -3.00 and a beta of 0.23.
Institutional Trading of ECARX
Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in ECARX in the 4th quarter valued at about $630,000. Jane Street Group LLC acquired a new position in shares of ECARX during the fourth quarter valued at approximately $364,000. Barclays PLC purchased a new position in shares of ECARX in the fourth quarter valued at approximately $348,000. Virtu Financial LLC acquired a new stake in shares of ECARX in the fourth quarter worth approximately $319,000. Finally, Marshall Wace LLP purchased a new stake in shares of ECARX during the fourth quarter worth approximately $245,000.
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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