ECARX (NASDAQ:ECX) Shares Down 8.1% – Time to Sell?

ECARX Holdings Inc. (NASDAQ:ECX)’s share price fell 8.1% during trading on Wednesday . The company traded as low as $1.71 and last traded at $1.72. 67,526 shares were traded during trading, a decline of 37% from the average session volume of 107,804 shares. The stock had previously closed at $1.87.

ECARX Trading Down 7.9 %

The stock has a market capitalization of $581.27 million, a P/E ratio of -4.10 and a beta of 0.32. The business has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.64.

ECARX (NASDAQ:ECX) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $173.00 million for the quarter. On average, sell-side analysts forecast that ECARX Holdings Inc. will post -0.27 earnings per share for the current fiscal year.

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.