ECARX (NASDAQ:ECX) Shares Gap Up to $1.60

ECARX Holdings Inc. (NASDAQ:ECX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $1.60, but opened at $1.65. ECARX shares last traded at $1.65, with a volume of 379 shares.

ECARX Trading Up 1.9 %

The firm has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $2.76.

ECARX (NASDAQ:ECX) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $263.10 million during the quarter. As a group, sell-side analysts forecast that ECARX Holdings Inc. will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On ECARX

Several hedge funds have recently made changes to their positions in ECX. Geode Capital Management LLC acquired a new position in ECARX in the fourth quarter valued at $344,000. Altshuler Shaham Ltd acquired a new position in ECARX in the fourth quarter valued at $59,000. JPMorgan Chase & Co. acquired a new position in ECARX in the second quarter valued at $72,000. Goldman Sachs Group Inc. acquired a new position in ECARX in the second quarter valued at $102,000. Finally, Invesco Ltd. boosted its holdings in ECARX by 2.6% in the third quarter. Invesco Ltd. now owns 270,982 shares of the company’s stock valued at $840,000 after acquiring an additional 6,793 shares during the last quarter.

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.