The trading price of ECARX Holdings Inc (NASDAQ:ECX) closed higher on Friday, December 27, and closing at $1.89, 3.28% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.86 and $2.02. In examining the 52-week price action we see that the stock hit a 52-week high of $3.44 and a 52-week low of $0.96. Over the past month, the stock has gained 0.53% in value.
ECARX Holdings Inc, whose market valuation is $669.78 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.27 for current year and -0.16 for next year.
Analysts have forecast the company to bring in revenue of 245.41M for the current quarter, with the likely lows of 245.41M and highs of 245.41M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 757.51M.
On the technical side, indicators suggest ECX has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that ECX’s price is currently -1.46% off the SMA20 and 3.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.86, and weekly volatility stands at 13.67%. When measured over the past 30 days, the indicator reaches 7.55%. ECARX Holdings Inc (NASDAQ:ECX)’s beta value is currently sitting at 0.39, while the Average True Range indicator is currently displaying 0.15.
To see how ECARX Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ECX stock’s performance was 3.28% in the latest trading, and -27.31% in the past year.
An evaluation of the daily trading volume of ECARX Holdings Inc (NASDAQ:ECX) indicates that the 3-month average is 231.88K. However, this figure has increased over the past 10 days to an average of 0.93.
Currently, records show that 289.11 million of the company’s shares remain outstanding. The insiders hold 67.61% of outstanding shares, whereas institutions hold 2.61%. The stats also highlight that short interest as of 2024-12-13, stood at 99073.0 shares, resulting in a short ratio of 0.34 at that time. From this, we can conclude that short interest is 7.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 0.2 million. However, since the stock’s price has seen -40.19% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
