ECARX (NASDAQ:ECX) Shares Down 5.4% – Here’s What Happened

Shares of ECARX Holdings Inc. (NASDAQ:ECX) were down 5.4% on Wednesday . The stock traded as low as $1.78 and last traded at $1.74. Approximately 64,323 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,590,720 shares. The stock had previously closed at $1.84.

ECARX Stock Performance

The company has a 50-day moving average of $1.90 and a 200 day moving average of $1.81. The firm has a market cap of $615.07 million, a P/E ratio of -3.64 and a beta of 0.35.

ECARX (NASDAQ:ECX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $203.10 million during the quarter. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. Sell-side analysts anticipate that ECARX Holdings Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC bought a new position in ECARX Holdings Inc. (NASDAQ:ECX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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.