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

ECARX Holdings Inc. (NASDAQ:ECX) shares were down 5.1% during trading on Tuesday . The company traded as low as $2.03 and last traded at $2.04. Approximately 944,936 shares traded hands during trading, a decline of 49% from the average daily volume of 1,849,991 shares. The stock had previously closed at $2.15.

ECARX Price Performance

The stock has a fifty 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 Investors Weigh In On ECARX

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC bought a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.