ECARX (NASDAQ:ECX) Shares Gap Up – Should You Buy?

ECARX Holdings Inc. (NASDAQ:ECXGet Free Report)’s stock price 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 Stock Up 3.7 %

The company has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $1.81.

ECARX (NASDAQ:ECXGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $203.10 million for the quarter. During the same period last year, the firm earned ($0.26) earnings per share. On average, sell-side analysts anticipate that ECARX Holdings Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On ECARX

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

About ECARX

(Get Free Report)

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.

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