ECARX (NASDAQ:ECX) Coverage Initiated by Analysts at UBS Group

UBS Group began coverage on shares of ECARX (NASDAQ:ECX) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $3.20 target price on the stock.

ECARX Price Performance

Shares of NASDAQ:ECX opened at $2.09 on Tuesday. The business’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $1.81. The stock has a market capitalization of $706.32 million, a price-to-earnings ratio of -4.18 and a beta of 0.31. ECARX has a fifty-two week low of $0.96 and a fifty-two week high of $3.09.

Hedge Funds Weigh In On ECARX

A hedge fund recently bought a new stake in ECARX stock. Virtu Financial LLC purchased a new position in ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 151,150 shares of the company’s stock, valued at approximately $319,000.

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.