ECARX (NASDAQ:ECX – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports.
ECARX Price Performance
ECARX stock opened at $2.67 on Tuesday. ECARX has a fifty-two week low of $0.96 and a fifty-two week high of $2.98. The firm has a market capitalization of $902.33 million, a price-to-earnings ratio of -5.34 and a beta of 0.23. The company’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $1.89.
Wall Street Analysts Forecast Growth
Separately, UBS Group assumed coverage on ECARX in a research note on Tuesday, February 11th. They issued a “buy” rating and a $3.20 price target on the stock.
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.
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