ECARX Holdings Inc (NASDAQ: ECX) is -6.47% 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 $2.05 in the last trading session, with the day’s gains setting it 4509997.95%.
Currently trading at $4510000.0, the stock is 22.53% and 37.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing 5.85% at the moment leaves the stock 20.08% off its SMA200. ECX registered 2.84% gain for a year compared to 6-month loss of 18.58%. The firm has a 50-day simple moving average (SMA 50) of $1.573 and a 200-day simple moving average (SMA200) of $1.807065.
The stock witnessed a 39.10% gain in the last 1 month and extending the period to 3 months gives it a 72.22%, and is 19.89% 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 9.23% over the week and 7.89% over the month.
ECARX Holdings Inc (ECX) has around 1900 employees, a market worth around $811.00M and $814.04M in sales. Fwd P/E is 31.98. Profit margin for the company is -14.30%. Distance from 52-week low is 186.47% and -33.23% from its 52-week high.
The EPS is expected to grow by 63.44% this year.
ECARX Holdings Inc (ECX) Top Institutional Holders
48.0 institutions hold shares in ECARX Holdings Inc (ECX), with institutional investors hold 25.63% of the company’s shares. The shares outstanding are 324.77M, and float is at 109.45M with Short Float at 3.91%. Institutions hold 10.24% 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.
