Tudor Investment Corp ET AL Has $2.57 Million Holdings in ECARX Holdings, Inc. $ECX

Tudor Investment Corp ET AL increased its position in ECARX Holdings, Inc. (NASDAQ:ECX) by 430.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,279,950 shares of the company’s stock after purchasing an additional 1,038,476 shares during the period. Tudor Investment Corp ET AL owned about 0.35% of ECARX worth $2,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ECX. Integrated Wealth Concepts LLC purchased a new position in shares of ECARX during the third quarter valued at $51,000. Squarepoint Ops LLC acquired a new stake in ECARX during the 3rd quarter worth about $59,000. Tower Research Capital LLC TRC purchased a new position in ECARX during the 2nd quarter valued at about $71,000. Goldman Sachs Group Inc. increased its holdings in shares of ECARX by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company’s stock valued at $94,000 after purchasing an additional 22,498 shares during the period. Finally, State of Wyoming purchased a new stake in shares of ECARX in the second quarter worth approximately $167,000.

ECARX Stock Performance

Shares of NASDAQ ECX opened at $0.97 on Friday. The stock has a market cap of $357.83 million, a price-to-earnings ratio of -4.83 and a beta of 0.77. The business has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.84. ECARX Holdings, Inc. has a 52 week low of $0.76 and a 52 week high of $2.70.

ECARX (NASDAQ:ECX) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $301.06 million for the quarter, compared to the consensus estimate of $311.90 million. On average, analysts predict that ECARX Holdings, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ECX shares. Zacks Research lowered shares of ECARX from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ECARX in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About ECARX

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).