ECARX (NASDAQ:ECX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of ECARX Holdings Inc. (NASDAQ:ECXGet Free Report) saw unusually-high trading volume on Monday . Approximately 234,043 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 119,925 shares.The stock last traded at $1.99 and had previously closed at $1.98.

ECARX Price Performance

The stock has a 50-day moving average price of $1.83 and a 200-day moving average price of $1.71. The company has a market capitalization of $655.62 million, a price-to-earnings ratio of -3.96 and a beta of 0.38.

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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