During the last session, ECARX Holdings Inc (NASDAQ:ECX)’s traded shares were 0.42 million, with the beta value of the company hitting 0.31. At the end of the trading day, the stock’s price was $2.01, reflecting an intraday gain of 13.56% or $0.24. The 52-week high for the ECX share is $4.68, that puts it down -132.84 from that peak though still a striking 52.24% gain since the share price plummeted to a 52-week low of $0.96. The company’s market capitalization is $679.52M, and the average intraday trading volume over the past 10 days was 26890.0 shares, and the average trade volume was 134.41K shares over the past three months.
ECARX Holdings Inc (NASDAQ:ECX) trade information
ECARX Holdings Inc (ECX) registered a 13.56% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.56% in intraday trading to $2.01, hitting a weekly high. The stock’s 5-day price performance is 14.86%, and it has moved by 16.86% in 30 days. Based on these gigs, the overall price performance for the year is -41.06%. The short interest in ECARX Holdings Inc (NASDAQ:ECX) is 0.14 million shares and it means that shorts have 2.14 day(s) to cover.
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ECARX Holdings Inc (ECX) estimates and forecasts
Statistics show that ECARX Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. ECARX Holdings Inc (ECX) shares have gone down -0.50% during the last six months, with a year-to-date growth rate more than the industry average at 30.77% against 17.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 54.50% this quarter and then jump 75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 11.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 180M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 280M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 148M and 263.1M respectively. In this case, analysts expect current quarter sales to grow by 21.60% and then jump by 6.40% in the coming quarter.
While earnings are projected to return 16.92% in 2024.
ECX Dividends
ECARX Holdings Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
