ECARX (NASDAQ:ECX) Research Coverage Started at UBS Group

UBS Group started coverage on shares of ECARX (NASDAQ:ECX) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $3.20 target price on the stock.

ECARX Stock Up 6.2 %

ECX opened at $2.06 on Tuesday. ECARX has a 52 week low of $0.96 and a 52 week high of $3.09. The stock has a market cap of $696.18 million, a PE ratio of -4.12 and a beta of 0.31. The business has a 50 day moving average of $1.90 and a 200-day moving average of $1.82.

Institutional Trading of ECARX

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of ECARX during the fourth quarter valued at $52,000. Green Alpha Advisors LLC bought a new position in shares of ECARX during the fourth quarter valued at $167,000. Marshall Wace LLP purchased a new stake in shares of ECARX during the fourth quarter valued at $245,000. Virtu Financial LLC bought a new stake in ECARX in the 4th quarter worth about $319,000. Finally, Barclays PLC purchased a new position in ECARX in the 4th quarter worth about $348,000.

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.