ECARX (NASDAQ:ECX) Shares Gap Up – Still a Buy?

ECARX Holdings Inc. (NASDAQ:ECXGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.84, but opened at $1.92. ECARX shares last traded at $1.92, with a volume of 324 shares trading hands.

ECARX Stock Performance

The stock has a market capitalization of $618.45 million, a PE ratio of -4.36 and a beta of 0.32. The company has a 50 day moving average of $1.77 and a two-hundred day moving average of $1.65.

ECARX (NASDAQ:ECXGet Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter. The company had revenue of $173.00 million for the quarter. As a group, research analysts predict that ECARX Holdings Inc. will post -0.27 EPS for the current fiscal year.

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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