ECARX (NASDAQ:ECX) Shares Gap Up – Still a Buy?

ECARX Holdings Inc. (NASDAQ:ECX) gapped up prior to trading on Thursday . The stock had previously closed at $1.75, but opened at $1.80. ECARX shares last traded at $1.84, with a volume of 81,426 shares.

ECARX Price Performance

The stock’s fifty day simple moving average is $1.90 and its 200-day simple moving average is $1.81. The firm has a market cap of $623.52 million, a PE ratio of -3.69 and a beta of 0.35.

ECARX (NASDAQ:ECX) last released its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The company had revenue of $203.10 million during the quarter. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Analysts expect that ECARX Holdings Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On ECARX

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC acquired a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 78,996 shares of the company’s stock, valued at approximately $167,000.

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.