ECARX Holdings Inc (NASDAQ:ECX) does about 763.88K shares in volume on a normal day but saw 1792600 shares change hands in the recent trading day. The company now has a market cap of 655.37M USD. Its current market price is $1.91, marking an increase of 10.40% compared to the previous close of $1.73. The 52 week high reached by this stock is $3.09 whilst the lowest price level in 52 weeks is $0.96.
ECARX Holdings Inc (ECX) has a 20-day trading average at $1.7940 and the current price is -38.19% off the 52-week high compared with 98.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8870 and its 200-day simple moving average is $1.7142. If we look at the stock’s price movements over the week, volatility stands at 6.88%, which increases to 7.62% 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 56.16 to suggest the stock is neutral.
The consensus objective for the share price is $3.70, suggesting that the stock has a potential upside of 48.38% 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 6.47%, 1.22%, and 11.42% away from its SMA20, SMA50, and SMA200 respectively, with the ECX price moving above the 50-day SMA on current market day. ECARX Holdings Inc (ECX) stock is up 18.63% over the week and -5.45% over the past month. Its price is -9.48% year-to-date and -30.55% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.36 for whole year. Expected sales for next quarter are $175.16M, which analysts say will come at $779.31M for the current fiscal year and next year at $1.04B. In addition, estimates put the company’s current quarterly revenue at an average of $245.41M.
To reach the target analysts have set, the stock logically needs to grow 48.38 percent from here.
Outstanding shares total 289.11M with insiders holding 62.92% of the shares and institutional holders owning 3.17% of the company’s common stock. The beta has a value of 0.30. Price to sales ratio is 0.85.
