ECX Stock Surges Amid Positive Analyst Ratings and Industry Performance

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4 days ago

ECARX Holdings Inc. (ECX, Financial) experienced a significant stock movement with a 5.29% increase, reaching $1.99 per share. The trading volume was 621,882 shares, with a turnover rate of 0.18% and a volatility of 7.94%. Recent financial reports show a revenue of $203 million, a net loss of $46.3 million, and earnings per share of -$0.14, with a gross profit of $35.3 million and a P/E ratio of -3.91.

All four rating institutions recommend buying ECX, with no hold or sell suggestions. The automotive parts industry, where ECX operates, saw an overall increase of 0.09%. Notable performers in the sector include Carbon Revolution Public Limited Co, Worksport, Ltd., and Carparts.Com, Inc. ECARX Holdings focuses on automotive computing platforms, infotainment systems, and software solutions, contributing to intelligent and connected vehicle technology development.

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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.