Can ECARX Holdings Inc’s (ECX) drop of -2.53% in a week be considered a lucky break?

On Friday, ECARX Holdings Inc (NASDAQ: ECX) was 12.87% up from the session before settling in for the closing price of $1.71. A 52-week range for ECX has been $0.96 – $3.44.

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Annual sales at Consumer Cyclical sector company grew by 9.14% over the past five years. When this article was written, the company’s average yearly earnings per share was at 11.98%. With a float of $111.14 million, this company’s outstanding shares have now reached $289.11 million.

Let’s look at the performance matrix of the company that is accounted for 2000 employees. In terms of profitability, gross margin is 21.46%, operating margin of -19.87%, and the pretax margin is -23.26%.

ECARX Holdings Inc (ECX) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward ECARX Holdings Inc stocks. The insider ownership of ECARX Holdings Inc is 67.61%, while institutional ownership is 2.61%.

ECARX Holdings Inc (ECX) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 11.98% per share during the next fiscal year.

ECARX Holdings Inc (NASDAQ: ECX) Trading Performance Indicators

You can see what ECARX Holdings Inc (ECX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.97.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.50, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.18 in one year’s time.

Technical Analysis of ECARX Holdings Inc (ECX)

ECARX Holdings Inc (NASDAQ: ECX) saw its 5-day average volume 0.81 million, a positive change from its year-to-date volume of 0.13 million. As of the previous 9 days, the stock’s Stochastic %D was 28.32%. Additionally, its Average True Range was 0.14.

During the past 100 days, ECARX Holdings Inc’s (ECX) raw stochastic average was set at 62.51%, which indicates a significant increase from 47.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.36% in the past 14 days, which was lower than the 73.19% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.8207, while its 200-day Moving Average is $1.7138. Nevertheless, the first resistance level for the watch stands at $2.2199 in the near term. At $2.5099, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.7898. If the price goes on to break the first support level at $1.6500, it is likely to go to the next support level at $1.3701. The third support level lies at $1.0801 if the price breaches the second support level.

ECARX Holdings Inc (NASDAQ: ECX) Key Stats

There are 337,950K outstanding shares of the company, which has a market capitalization of 747.44 million. As of now, sales total 657,210 K while income totals -132,420 K. Its latest quarter income was 203,100 K while its last quarter net income were -46,300 K.