ECARX (NASDAQ:ECX) Trading Down 5.4% – Should You Sell?

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

ECARX Price Performance

The firm has a 50-day moving average of $1.90 and a two-hundred day moving average of $1.81. The stock has a market capitalization of $615.07 million, a price-to-earnings ratio of -3.64 and a beta of 0.35.

ECARX (NASDAQ:ECX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The company had revenue of $203.10 million for the quarter. During the same quarter in the prior year, the firm earned ($0.26) EPS. As a group, sell-side analysts predict that ECARX Holdings Inc. will post -0.42 EPS 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 shares of ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to its most recent filing with the 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.