ECARX (NASDAQ:ECX) Shares Down 8.1% – Here’s What Happened

by · The Cerbat Gem

ECARX Holdings Inc. (NASDAQ:ECX – Get Free Report)’s stock price was down 8.1% on Wednesday . The company traded as low as $1.71 and last traded at $1.72. Approximately 67,526 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 107,804 shares. The stock had previously closed at $1.87.

ECARX Trading Up 0.6 %

The firm has a market cap of $608.31 million, a price-to-earnings ratio of -4.26 and a beta of 0.32. The stock has a 50-day moving average of $1.80 and a two-hundred day moving average of $1.64.

ECARX (NASDAQ:ECX – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $173.00 million during the quarter. Sell-side analysts expect 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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