ECARX Holdings Inc (NASDAQ: ECX) on November 20, 2023, started off the session at the price of $3.00, soaring 4.79% from the previous trading day. During the day, the shares moved up to $3.10 and dropped to $2.9474 before settling in for the closing price of $2.92. Within the past 52 weeks, ECX’s price has moved between $2.89 and $11.32.
The company achieved an average annual earnings per share of 28.85%. With a float of $74.15 million, this company’s outstanding shares have now reached $288.43 million.
Considering the fact that the conglomerate employs 1501 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +27.85, operating margin of -41.81, and the pretax margin is -42.72.
ECARX Holdings Inc (ECX) Insider Activity
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of ECARX Holdings Inc is 78.02%, while institutional ownership is 1.90%. The most recent insider transaction that took place on Sep 27, was worth 8,887. In this transaction Director of this company sold 2,743 shares at a rate of $3.24, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 26, when Company’s Director sold 47,257 for $3.32, making the entire transaction worth $157,078. This insider now owns 2,743 shares in total.
ECARX Holdings Inc (ECX) Earnings and Forecasts
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.11 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.09) by -$0.02. This company achieved a net margin of -43.29 while generating a return on equity of -176.88. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.85% per share during the next fiscal year.
ECARX Holdings Inc (NASDAQ: ECX) Trading Performance Indicators
ECARX Holdings Inc (ECX) is currently performing well based on its current performance indicators. A quick ratio of 0.79 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.70, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.29 in one year’s time.
Technical Analysis of ECARX Holdings Inc (ECX)
Compared to the last year’s volume of 0.27 million, its volume of 0.61 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.75%. Additionally, its Average True Range was 0.38.
During the past 100 days, ECARX Holdings Inc’s (ECX) raw stochastic average was set at 4.10%, which indicates a significant decrease from 9.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.64% in the past 14 days, which was higher than the 100.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.66, while its 200-day Moving Average is $5.04. Nevertheless, the first resistance level for the watch stands at $3.12 in the near term. At $3.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.28. If the price goes on to break the first support level at $2.97, it is likely to go to the next support level at $2.88. Should the price break the second support level, the third support level stands at $2.82.
ECARX Holdings Inc (NASDAQ: ECX) Key Stats
Market capitalization of the company is 1.03 billion based on 37,500K outstanding shares. Right now, sales total 515,740 K and income totals -223,180 K. The company made 148,000 K in profit during its latest quarter, and -36,400 K in sales during its previous quarter.