ECARX Holdings Inc (NASDAQ: ECX)’s stock price has dropped by -2.48 in relation to previous closing price of 2.02. Nevertheless, the company has seen a gain of 8.24% in its stock price over the last five trading days. globenewswire.com reported 2024-12-20 that SHANGHAI, Dec. 20, 2024 (GLOBE NEWSWIRE) — ECARX Holdings, Inc. (Nasdaq: ECX) (“ECARX” or “the Company”), a global mobility tech provider, today announced its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20,000,000 of its ordinary shares until the close of business on September 30, 2025, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy.
Is It Worth Investing in ECARX Holdings Inc (NASDAQ: ECX) Right Now?
The 36-month beta value for ECX is also noteworthy at 0.37. There are mixed opinions on the stock, with 5 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 111.14M, and at present, short sellers hold a 0.16% of that float. The average trading volume of ECX on December 24, 2024 was 206.91K shares.
ECX’s Market Performance
ECX’s stock has seen a 8.24% increase for the week, with a 22.36% rise in the past month and a 8.84% gain in the past quarter. The volatility ratio for the week is 11.98%, and the volatility levels for the past 30 days are at 7.99% for ECARX Holdings Inc The simple moving average for the last 20 days is 2.60% for ECX’s stock, with a simple moving average of 14.95% for the last 200 days.
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 7.74% 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 -42.73% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 11.98%, as shares surge +8.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.73% upper at present.
During the last 5 trading sessions, ECX rose by +7.69%, which changed the moving average for the period of 200-days by -1.51% in comparison to the 20-day moving average, which settled at $1.92. In addition, ECARX Holdings Inc saw -37.66% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ECX
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.21 for the gross margin
The net margin for ECARX Holdings Inc stands at -0.22. The total capital return value is set at 1.39. Equity return is now at value -205.41, with -29.93 for asset returns.
Based on ECARX Holdings Inc (ECX), the company’s capital structure generated 4.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at -1.28. The interest coverage ratio of the stock is -11.51.
Currently, EBITDA for the company is -814.87 million with net debt to EBITDA at -1.47. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
In summary, ECARX Holdings Inc (ECX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
