ECARX (NASDAQ:ECX) Stock Price Down 5.1% – What’s Next?

ECARX Holdings Inc. (NASDAQ:ECX)’s stock price fell 5.1% during trading on Tuesday . The stock traded as low as $2.03 and last traded at $2.04. 944,936 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 1,849,991 shares. The stock had previously closed at $2.15.

ECARX Stock Down 1.9 %

The stock has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $1.81. The company has a market cap of $713.07 million, a P/E ratio of -4.22 and a beta of 0.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ECARX stock. Green Alpha Advisors LLC purchased a new stake in shares of ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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.