ECARX (NASDAQ:ECX) Hits New 1-Year Low at $1.65

ECARX Holdings Inc. (NASDAQ:ECX)’s stock price hit a new 52-week low on Monday . The stock traded as low as $1.65 and last traded at $1.67, with a volume of 3676 shares trading hands. The stock had previously closed at $1.65.

ECARX Stock Down 7.1 %

The company’s fifty day moving average is $2.25 and its two-hundred day moving average is $2.77. The stock has a market cap of $527.20 million, a price-to-earnings ratio of -4.11 and a beta of 0.13.

ECARX (NASDAQ:ECX) last issued its earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $263.10 million for the quarter. Sell-side analysts predict that ECARX Holdings Inc. will post -0.27 EPS for the current fiscal year.

Institutional Trading of ECARX

Several institutional investors have recently modified their holdings of ECX. Altshuler Shaham Ltd purchased a new stake in shares of ECARX during the 4th quarter worth approximately $59,000. Northern Trust Corp purchased a new stake in ECARX in the 4th quarter valued at $161,000. Geode Capital Management LLC purchased a new stake in ECARX in the 4th quarter valued at $344,000. Schonfeld Strategic Advisors LLC purchased a new stake in ECARX in the 3rd quarter valued at $51,000. Finally, Goldman Sachs Group Inc. purchased a new stake in ECARX in the 2nd quarter valued at $102,000.

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.