Now Is The Time To Build A Position In ECARX Holdings Inc (NASDAQ:ECX)

In last trading session, ECARX Holdings Inc (NASDAQ:ECX) saw 0.34 million shares changing hands with its beta currently measuring 0.34. Company’s recent per share price level of $1.96 trading at $0.1 or 5.38% at ring of the bell on the day assigns it a market valuation of $672.53M. That closing price of ECX’s stock is at a discount of -75.51% from its 52-week high price of $3.44 and is indicating a premium of 51.02% from its 52-week low price of $0.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 70770.0 shares which gives us an average trading volume of 44.36K if we extend that period to 3-months.

ECARX Holdings Inc (NASDAQ:ECX) trade information

Upright in the green during last session for gaining 5.38%, in the last five days ECX remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.96 price level, adding 2.49% to its value on the day. ECARX Holdings Inc’s shares saw a change of -37.97% in year-to-date performance and have moved 18.79% in past 5-day. ECARX Holdings Inc (NASDAQ:ECX) showed a performance of 8.89% in past 30-days. Number of shares sold short was 0.2 million shares which calculate 9.62 days to cover the short interests.

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ECARX Holdings Inc (ECX) estimates and forecasts

Statistics highlight that ECARX Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 63.33% of value to its shares in past 6 months, showing an annual growth rate of -7.69% while that of industry is 18.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 17.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 245.41M for the same. And 1 analysts are in estimates of company making revenue of 175.16M in the next quarter. Company posted 263.1M and 128.5M of sales in current and next quarters respectively a year earlier.

On the other hand, Invesco ETF Tr-Invesco Golden Dragon China ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 236.82 shares of worth $0.47 million or 0.08% of the total outstanding shares. The later fund manager was in possession of 170.91 shares on Sep 30, 2024 , making its stake of worth around $0.34 million in the company or a holder of 0.06% of company’s stock.