ECARX (NASDAQ:ECX) Hits New 1-Year Low at $1.65

ECARX Holdings Inc. (NASDAQ:ECX) reached a new 52-week low on Monday . The stock traded as low as $1.65 and last traded at $1.67, with a volume of 3676 shares trading hands. The stock had previously closed at $1.65.

ECARX Stock Performance

The firm has a market capitalization of $527.20 million, a PE ratio of -4.11 and a beta of 0.13. The firm has a fifty day moving average of $2.25 and a 200 day moving average of $2.77.

ECARX (NASDAQ:ECX) last announced its earnings results on Wednesday, February 28th. The company reported ($0.12) EPS for the quarter. The company had revenue of $263.10 million during the quarter. Research analysts forecast that ECARX Holdings Inc. will post -0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ECARX

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in shares of ECARX in the 4th quarter valued at approximately $59,000. Northern Trust Corp bought a new stake in shares of ECARX in the 4th quarter valued at approximately $161,000. Geode Capital Management LLC bought a new stake in shares of ECARX in the 4th quarter valued at approximately $344,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of ECARX in the 3rd quarter valued at approximately $51,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of ECARX in the 2nd quarter valued at approximately $102,000.

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.