In the past week, ECX stock has gone up by 9.26%, with a monthly decline of -28.92% and a quarterly plunge of -40.40%. The volatility ratio for the week is 9.40%, and the volatility levels for the last 30 days are 11.45% for ECARX Holdings Inc The simple moving average for the past 20 days is 0.72% for ECX’s stock, with a -54.50% simple moving average for the past 200 days.
Is It Worth Investing in ECARX Holdings Inc (NASDAQ: ECX) Right Now?
Additionally, the 36-month beta value for ECX is 0.08. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ECX is 106.08M and currently, short sellers hold a 0.30% ratio of that float. The average trading volume of ECX on June 17, 2024 was 111.21K shares.
ECX) stock’s latest price update
ECARX Holdings Inc (NASDAQ: ECX)’s stock price has gone rise by 9.26 in comparison to its previous close of 1.08, however, the company has experienced a 9.26% increase in its stock price over the last five trading days. globenewswire.com reported 2024-05-31 that SHANGHAI, China, May 31, 2024 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced that its Antora 1000 computing platform will power Geely’s highly anticipated Galaxy E5 SUV, which debuted today.
Analysts’ Opinion of ECX
Many brokerage firms have already submitted their reports for ECX stocks, with Cantor Fitzgerald repeating the rating for ECX by listing it as a “Overweight.” The predicted price for ECX in the upcoming period, according to Cantor Fitzgerald is $10 based on the research report published on May 22, 2023 of the previous year 2023.
ECX Trading at -19.87% from the 50-Day Moving Average
After a stumble in the market that brought ECX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.37% of loss for the given period.
Volatility was left at 11.45%, however, over the last 30 days, the volatility rate increased by 9.40%, as shares sank -26.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.40% lower at present.
During the last 5 trading sessions, ECX rose by +9.26%, which changed the moving average for the period of 200-days by -75.11% in comparison to the 20-day moving average, which settled at $1.1501. In addition, ECARX Holdings Inc saw -62.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ECX starting from Heng Jun Hong, who sale 2,743 shares at the price of $3.24 back on Sep 27 ’23. After this action, Heng Jun Hong now owns 0 shares of ECARX Holdings Inc, valued at $8,887 using the latest closing price.
Heng Jun Hong, the Director of ECARX Holdings Inc, sale 47,257 shares at $3.32 during a trade that took place back on Sep 26 ’23, which means that Heng Jun Hong is holding 2,743 shares at $157,078 based on the most recent closing price.
Stock Fundamentals for ECX
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.26 for the gross margin
The net margin for ECARX Holdings Inc stands at -0.21. The total capital return value is set at 3.91. Equity return is now at value -205.41, with -26.54 for asset returns.
Based on ECARX Holdings Inc (ECX), the company’s capital structure generated 2.98 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at -1.51. The interest coverage ratio of the stock is -11.61.
Currently, EBITDA for the company is -814.87 million with net debt to EBITDA at -1.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 3.02for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In conclusion, ECARX Holdings Inc (ECX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
