FY2025 EPS Estimates for ECARX Lifted by Cantor Fitzgerald

ECARX Holdings Inc. (NASDAQ:ECX - Free Report) - Investment analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of ECARX in a note issued to investors on Wednesday, March 26th. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will post earnings per share of ($0.13) for the year, up from their previous estimate of ($0.17). The consensus estimate for ECARX's current full-year earnings is ($0.42) per share.

Separately, UBS Group started coverage on ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 target price for the company.

ECARX Stock Up 2.0 %

NASDAQ ECX traded up $0.03 during trading hours on Friday, hitting $1.29. 6,724,296 shares of the stock were exchanged, compared to its average volume of 976,040. ECARX has a 12-month low of $0.96 and a 12-month high of $3.25. The stock has a 50-day moving average of $2.16 and a 200 day moving average of $1.97. The company has a market cap of $434.27 million, a price-to-earnings ratio of -2.55 and a beta of 0.23.

Hedge Funds Weigh In On ECARX

A number of large investors have recently made changes to their positions in ECX. Renaissance Technologies LLC purchased a new stake in ECARX during the fourth quarter worth about $630,000. Jane Street Group LLC purchased a new stake in shares of ECARX during the 4th quarter worth approximately $364,000. Barclays PLC acquired a new stake in shares of ECARX in the 4th quarter worth approximately $348,000. Virtu Financial LLC purchased a new position in ECARX in the 4th quarter valued at approximately $319,000. Finally, Marshall Wace LLP acquired a new position in ECARX during the fourth quarter worth $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.