ECARX (NASDAQ:ECX) Stock Price Down 5.4% – Should You Sell?

ECARX Holdings Inc. (NASDAQ:ECX) was down 5.4% on Wednesday . The stock traded as low as $1.78 and last traded at $1.74. Approximately 64,323 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,590,720 shares. The stock had previously closed at $1.84.

ECARX Stock Down 4.1 %

The stock has a market capitalization of $596.48 million, a price-to-earnings ratio of -3.53 and a beta of 0.35. The company’s 50-day moving average is $1.90 and its 200-day moving average is $1.81.

ECARX (NASDAQ:ECX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The business had revenue of $203.10 million for the quarter. During the same period in the prior year, the business earned ($0.26) earnings per share. Sell-side analysts anticipate that ECARX Holdings Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On ECARX

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC purchased a new stake in ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 78,996 shares of the company’s stock, valued at approximately $167,000.

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.