ECARX Holdings Inc (NASDAQ:ECX) shares, rose in value on Thursday, March 06, with the stock price up by 13.28% to the previous day’s close as strong demand from buyers drove the stock to $2.73.
Actively observing the price movement in the last trading, the stock closed the session at $2.41. Referring to stock’s 52-week performance, its high was $2.50, and the low was $0.96. On the whole, ECX has fluctuated by 63.47% over the past month.
With the market capitalization of ECARX Holdings Inc currently standing at about $936.74 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 780.62M, with a low estimate of 236.16M and a high estimate of 245.41M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 240.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ECX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ECX currently trading nearly 28.96% and 38.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.86, while the 7-day volatility ratio is showing 13.59% which for the 30-day chart, stands at 9.04%. Furthermore, ECARX Holdings Inc (ECX)’s beta value is 0.19, and its average true range (ATR) is 0.21.
A comparison of ECARX Holdings Inc (ECX) with its peers suggests the former has fared considerably weaker in the market. ECX showed an intraday change of 13.28% in last session, and over the past year, it grew by 14.23%%.
Data on historical trading for ECARX Holdings Inc (NASDAQ:ECX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.69 million. According to company’s latest data on outstanding shares, there are 289.11 million shares outstanding.
Nearly 67.61% of ECARX Holdings Inc’s shares belong to company insiders and institutional investors own 3.12% of the company’s shares. The stock has risen by 29.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ECX stock heading into the next quarter.
