ECARX Holdings Inc (NASDAQ:ECX) does about 181.82K shares in volume on a normal day but saw 1658676 shares change hands in the recent trading day. The company now has a market cap of 693.12M USD. Its current market price is $2.02, marking an increase of 4.66% compared to the previous close of $1.93. The 52 week high reached by this stock is $3.44 whilst the lowest price level in 52 weeks is $0.96.
ECARX Holdings Inc (ECX) has a 20-day trading average at $1.9100 and the current price is -41.28% off the 52-week high compared with 109.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8200 and its 200-day simple moving average is $1.7100. If we look at the stock’s price movements over the week, volatility stands at 11.98%, which decreases to 7.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.32 to suggest the stock is neutral.
The consensus objective for the share price is $3.68, suggesting that the stock has a potential upside of 45.11% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 22, 2023 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $10.
The current price level is 5.68%, 10.71%, and 17.86% away from its SMA20, SMA50, and SMA200 respectively, with the ECX price moving below the 50-day SMA on current market day. ECARX Holdings Inc (ECX) stock is up 4.12% over the week and 22.42% over the past month. Its price is -36.08% year-to-date and -21.40% over the past year.
To reach the target analysts have set, the stock logically needs to grow 45.11 percent from here.
Outstanding shares total 289.11M with insiders holding 62.92% of the shares and institutional holders owning 3.10% of the company’s common stock. The company has a return on equity of -205.41%. The beta has a value of 0.38. Price to sales ratio is 0.90.
