In the latest trading session, 1.0 million ECARX Holdings Inc (NASDAQ:ECX) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $2.07 changed hands at -$0.08 or -3.72% at last look, the market valuation stands at $710.28M. ECX’s current price is a discount, trading about -49.28% off its 52-week high of $3.09. The share price had its 52-week low at $0.96, which suggests the last value was 53.62% up since then. When we look at ECARX Holdings Inc’s average trading volume, we note the 10-day average is 2.02 million shares, with the 3-month average coming to 554.31K.
ECARX Holdings Inc (NASDAQ:ECX) trade information
Instantly ECX was in red as seen in intraday trades today. With action 2.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -1.90%, with the 5-day performance at 2.48% in the green. However, in the 30-day time frame, ECARX Holdings Inc (NASDAQ:ECX) is 4.55% up. Looking at the short shares, we see there were 61312.0 shares sold at short interest cover period of 0.07 days.
ECARX Holdings Inc (ECX) estimates and forecasts
Data shows that the ECARX Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.95% over the past 6 months, a -7.69% in annual growth rate that is considerably lower than the industry average of 16.10%. Year-over-year growth is forecast to reach 15.28% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 245.41M. 1 analysts are of the opinion that ECARX Holdings Inc’s revenue for the current quarter will be 175.16M. The company’s revenue for the corresponding quarters a year ago was 263.1M and 128.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.73%. The estimates for the next quarter sales put growth at 36.31%. The 2025 estimates are for ECARX Holdings Inc earnings to increase by 11.55%.
ECARX Holdings Inc (NASDAQ:ECX)’s Major holders
Among Mutual Funds, the top two as of Oct 31, 2024 were Invesco ETF Tr-Invesco Golden Dragon China ETF and Fidelity NASDAQ Composite Index Fund. With 257.82 shares estimated at $0.53 million under it, the former controlled 0.09% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.06% of the shares, roughly 170.91 shares worth around $0.35 million.
