ECARX (NASDAQ:ECX) Stock Price Down 3.6% – Here’s Why

ECARX Holdings Inc. (NASDAQ:ECXGet Free Report) shares were down 3.6% on Wednesday . The company traded as low as $1.86 and last traded at $1.86. Approximately 2,969 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 111,977 shares. The stock had previously closed at $1.93.

ECARX Price Performance

The stock has a market capitalization of $631.97 million, a PE ratio of -4.57 and a beta of 0.32. The firm’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.65.

ECARX (NASDAQ:ECXGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter. The business had revenue of $173.00 million for the quarter. Analysts expect that ECARX Holdings Inc. will post -0.27 earnings per share for the current fiscal year.

ECARX Company Profile

(Get Free Report)

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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