ECARX (NASDAQ:ECX) Shares Gap Up – Here’s Why

ECARX Holdings Inc. (NASDAQ:ECX) shares gapped up prior to trading on Thursday . The stock had previously closed at $1.75, but opened at $1.80. ECARX shares last traded at $1.84, with a volume of 81,426 shares traded.

ECARX Price Performance

The firm has a 50-day simple moving average of $1.91 and a 200 day simple moving average of $1.81.

ECARX (NASDAQ:ECX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $203.10 million for the quarter. During the same period last year, the firm posted ($0.26) earnings per share. On average, equities research analysts anticipate that ECARX Holdings Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.