ECX Stock Surges Amid Positive Analyst Ratings

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Nov 26, 2024

ECX.us, the stock of ECARX Holdings, experienced a significant price increase of 5.00%. The stock is currently priced at $1.89 per share, with a trading volume of 82,842 shares, a turnover rate of 0.02%, and a price fluctuation of 6.39%.

Recent financial reports indicate that ECARX achieved a revenue of $203 million, while reporting a net loss of $46.3 million. The earnings per share stand at -$0.14, with a gross profit of $35.3 million, resulting in a price-to-earnings ratio of -3.72. Notably, all four rating institutions covering ECARX have issued a 'buy' recommendation, with no 'hold' or 'sell' ratings.

Within the automotive parts industry, where ECARX operates, there was an overall decline of 0.76%. However, certain stocks showed notable gains, such as Hesai, Carbon Revolution Public Limited Co C/Wts (To Pur Com), and Sag Holdings Limited. Hesai, Luminar Technologies, Inc., and Sag Holdings Limited were particularly active, with turnover rates of 25.94%, 5.37%, and 5.08%, respectively. Stocks with significant price fluctuations include Hesai, Innoviz Technologies Ltd C/Wts 05/04/2026 (To Pur Com), and Carbon Revolution Public Limited Co C/Wts (To Pur Com), with amplitudes of 72.42%, 32.71%, and 28.83%, respectively.

ECARX Holdings specializes in the sales of system-on-chip core modules, automotive computing platforms, and software stacks in China. Its key products include infotainment systems, digital cockpits, vehicle chipset solutions, core operating systems, and integrated software stacks. The company is also developing a full-stack automotive computing platform, focusing on automotive intelligence and networking.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.