ECARX Holdings Inc (NASDAQ:ECX) price on Thursday, February 27, rose 2.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.39.
A look at the stock’s price movement, the close in the last trading session was $2.33. Turning to its 52-week performance, $2.84 and $0.96 were the 52-week high and 52-week low respectively. Overall, ECX moved 35.80% over the past month.
ECARX Holdings Inc’s market cap currently stands at around $820.08 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 240.78M for the company’s revenue for the quarter, with a low and high estimate of 236.16M and 245.41M respectively. The average forecast suggests down to a -8.48% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 780.62M, representing a 18.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ECX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
ECX’s current price about 23.29% and 24.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.27, while 7-day volatility ratio is 7.65% and 7.52% in the 30-day chart. Further, ECARX Holdings Inc (ECX) has a beta value of 0.20, and an average true range (ATR) of 0.16.
If we refocus on ECARX Holdings Inc (NASDAQ:ECX), historical trading data shows that trading volumes averaged 1.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 289.11 million shares.
The 67.61% of ECARX Holdings Inc’s shares are in the hands of company insiders while institutional holders own 3.12% of the company’s shares. Current price change has pushed the stock 13.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ECX stock continues to rise going into the next quarter.
