ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) shares were down 5.2% during mid-day trading on Wednesday . The company traded as low as $1.94 and last traded at $1.98. Approximately 1,299,272 shares were traded during trading, an increase of 9% from the average daily volume of 1,190,661 shares. The stock had previously closed at $2.09.
Analyst Upgrades and Downgrades
Separately, UBS Group started coverage on shares of ECARX in a research report on Tuesday, February 11th. They set a "buy" rating and a $3.20 target price for the company.
Check Out Our Latest Report on ECARX
ECARX Stock Performance
The stock has a market cap of $729.97 million, a PE ratio of -4.32 and a beta of 0.31. The stock has a fifty day simple moving average of $1.90 and a two-hundred day simple moving average of $1.82.
Hedge Funds Weigh In On ECARX
Institutional investors and hedge funds have recently made changes to their positions in the business. Green Alpha Advisors LLC purchased a new position in shares of ECARX during the 4th quarter valued at approximately $167,000. Northern Trust Corp lifted its stake in ECARX by 103.8% during the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company's stock worth $172,000 after purchasing an additional 41,568 shares during the last quarter. Jane Street Group LLC bought a new position in ECARX during the fourth quarter worth $364,000. Tower Research Capital LLC TRC bought a new position in ECARX during the fourth quarter worth $32,000. Finally, Barclays PLC bought a new position in ECARX during the fourth quarter worth $348,000.
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.
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
