ECARX (NASDAQ:ECX) Stock Price Up 4.4%

ECARX Holdings Inc. (NASDAQ:ECX) shares traded up 4.4% during mid-day trading on Wednesday . The company traded as high as $1.67 and last traded at $1.65. 7,878 shares changed hands during trading, a decline of 91% from the average session volume of 84,875 shares. The stock had previously closed at $1.58.

ECARX Trading Up 4.4 %

The stock has a fifty day simple moving average of $2.25 and a 200-day simple moving average of $2.77.

ECARX (NASDAQ:ECX) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $263.10 million during the quarter. On average, sell-side analysts expect that ECARX Holdings Inc. will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECX. Invesco Ltd. boosted its stake 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 buying an additional 6,793 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of ECARX during the second quarter worth about $72,000. Goldman Sachs Group Inc. bought a new position in shares of ECARX during the second quarter worth about $102,000. Schonfeld Strategic Advisors LLC bought a new stake in ECARX in the third quarter worth approximately $51,000. Finally, Geode Capital Management LLC increased its holdings in ECARX by 38.7% in the second quarter. Geode Capital Management LLC now owns 100,990 shares of the company’s stock worth $703,000 after purchasing an additional 28,184 shares in 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.