ECARX Holdings Inc (NASDAQ: ECX) is -24.64% lower on its value in year-to-date trading and has touched a low of $0.76 and a high of $3.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ECX stock was last observed hovering at around $1.70 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $1.59, the stock is -0.27% and 15.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -6.47% at the moment leaves the stock -11.76% off its SMA200. ECX registered 34.75% gain for a year compared to 6-month loss of -15.87%. The firm has a 50-day simple moving average (SMA 50) of $1.37094 and a 200-day simple moving average (SMA200) of $1.801815.
The stock witnessed a 4.61% gain in the last 1 month and extending the period to 3 months gives it a -41.76%, and is 0.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.59% over the week and 6.93% over the month.
ECARX Holdings Inc (ECX) has around 1900 employees, a market worth around $594.23M and $814.04M in sales. Fwd P/E is 21.28. Profit margin for the company is -14.30%. Distance from 52-week low is 109.90% and -51.08% from its 52-week high.
The EPS is expected to grow by 63.51% this year
48.0 institutions hold shares in ECARX Holdings Inc (ECX), with institutional investors hold 25.06% of the company’s shares. The shares outstanding are 324.77M, and float is at 109.45M with Short Float at 5.29%. Institutions hold 10.01% of the Float.
The top institutional shareholder in the company is SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 5.07 million shares valued at $$10.44 million. The investor’s holdings represent 1.5001 of the ECX Shares outstanding. As of 2024-06-30, the second largest holder is LEO WEALTH, LLC with 2.82 million shares valued at $$5.8 million to account for 0.8331 of the shares outstanding. The other top investors are ALTSHULER SHAHAM LTD which holds 0.6 million shares representing 0.1775 and valued at over $$20640.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.0506 of the shares totaling 0.17 million with a market value of $$0.35 million.
