ECARX (NASDAQ:ECX) Trading Up 5% - What's Next?

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) traded up 5% during trading on Tuesday . The stock traded as high as $2.01 and last traded at $2.01. 448,819 shares changed hands during trading, a decline of 58% from the average session volume of 1,072,296 shares. The stock had previously closed at $1.91.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on shares of ECARX in a report on Tuesday. They set a "buy" rating and a $3.20 price objective on the stock.

ECARX Stock Up 4.9 %

The company has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $1.82. The stock has a market capitalization of $729.97 million, a P/E ratio of -4.32 and a beta of 0.31.

Institutional Investors Weigh In On ECARX

Several hedge funds and other institutional investors have recently modified their holdings of ECX. Renaissance Technologies LLC bought a new stake in shares of ECARX during the fourth quarter valued at about $630,000. Jane Street Group LLC bought a new stake in shares of ECARX during the fourth quarter valued at about $364,000. Barclays PLC bought a new stake in shares of ECARX during the fourth quarter valued at about $348,000. Virtu Financial LLC bought a new stake in shares of ECARX during the fourth quarter valued at about $319,000. Finally, Marshall Wace LLP bought a new stake in shares of ECARX during the fourth quarter valued at about $245,000.

ECARX Company Profile

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.