ECARX Holdings Inc. (NASDAQ:ECX – Free Report) – Research analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for ECARX in a report released on Wednesday, March 26th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will post earnings of ($0.13) per share for the year, up from their prior forecast of ($0.17). The consensus estimate for ECARX’s current full-year earnings is ($0.42) per share.
Separately, UBS Group began coverage on shares of ECARX in a report on Tuesday, February 11th. They set a “buy” rating and a $3.20 target price on the stock.
ECARX Price Performance
Shares of NASDAQ:ECX opened at $1.50 on Friday. The firm has a market capitalization of $506.93 million, a PE ratio of -3.00 and a beta of 0.23. ECARX has a 1 year low of $0.96 and a 1 year high of $3.25. The firm’s 50-day moving average is $2.18 and its two-hundred day moving average is $1.97.
Institutional Investors Weigh In On ECARX
A number of hedge funds have recently bought and sold shares of ECX. Green Alpha Advisors LLC purchased a new stake in shares of ECARX during the fourth quarter worth approximately $167,000. Virtu Financial LLC acquired a new stake in shares of ECARX in the 4th quarter valued at $319,000. Renaissance Technologies LLC purchased a new stake in shares of ECARX during the 4th quarter worth $630,000. Barclays PLC acquired a new position in shares of ECARX during the fourth quarter worth $348,000. Finally, XTX Topco Ltd acquired a new position in shares of ECARX during the fourth quarter worth $52,000.
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.
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