ECARX (NASDAQ:ECX) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of ECARX (NASDAQ:ECX – Get Rating) in a research report sent to investors on Monday, The Fly reports. The brokerage issued an overweight rating and a $10.00 price target on the stock.

ECARX Trading Up 10.0 %

ECARX stock opened at $7.12 on Monday. ECARX has a 12 month low of $3.02 and a 12 month high of $11.00. The firm has a 50 day moving average price of $5.34.

Institutional Investors Weigh In On ECARX

Several institutional investors have recently made changes to their positions in ECX. Geode Capital Management LLC increased its holdings in shares of ECARX by 68.7% in the first quarter. Geode Capital Management LLC now owns 72,806 shares of the company’s stock worth $425,000 after purchasing an additional 29,656 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of ECARX in the fourth quarter worth about $59,000. Finally, Virtu Financial LLC bought a new stake in ECARX during the 1st quarter valued at approximately $141,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.

About ECARX

(Get Rating)

ECARX Holdings, Inc engages in the design, development, and delivery of vehicle technology. Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack. The company was founded in 2017 and is based in Shanghai, China with an additional office in Europe.