ECARX (NASDAQ:ECX) Coverage Initiated by Analysts at UBS Group

UBS Group began coverage on shares of ECARX (NASDAQ:ECX) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $3.20 price target on the stock. UBS Group’s target price would indicate a potential upside of 67.54% from the company’s current price.

ECARX Stock Up 10.4 %

NASDAQ ECX opened at $1.91 on Tuesday. ECARX has a twelve month low of $0.96 and a twelve month high of $3.09. The firm has a market capitalization of $645.48 million, a PE ratio of -3.82 and a beta of 0.31. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $1.81.

Institutional Investors Weigh In On ECARX

A hedge fund recently bought a new stake in ECARX stock. Green Alpha Advisors LLC bought a new position in ECARX Holdings Inc. (NASDAQ:ECX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,996 shares of the company’s stock, valued at approximately $167,000.

About ECARX

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.