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

ECARX Holdings Inc. (NASDAQ:ECX) gapped up before the market opened on Monday . The stock had previously closed at $1.61, but opened at $1.66. ECARX shares last traded at $1.70, with a volume of 77,091 shares trading hands.

ECARX Price Performance

The firm’s 50 day moving average price is $1.92 and its 200-day moving average price is $1.81. The stock has a market cap of $560.66 million, a P/E ratio of -3.31 and a beta of 0.32.

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

Institutional Trading of ECARX

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