ECARX Holdings Inc (NASDAQ:ECX) saw a downside of -3.81% to $3.28 after subtracting -$0.13 on Tuesday. The 5-day average trading volume is 484,650 shares of the company’s common stock. It has gained $3.53 in the past week and touched a new high 1 time within the past 5 days. An average of 394,523 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 324,841.
ECX’s 1-month performance is -20.19% or -$0.80 on its low of $3.03 reached on 09/12/23. The company’s shares have touched a 52-week low of $3.02 and high of $11.32. YTD, ECX has lost -58.95% or -$4.68 and has reached a new high 3 times. However, the current price is down -71.02% from the 52-week high price.
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Valuation Metrics
ECX stock has a beta of 0.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.39.
ECARX Holdings Inc’s quick ratio for the period ended June 29 was 0.83, with the current ratio over the same period at 0.88. In terms of profitability, the gross margin trailing 12 months is 28.84%. The trailing 12-month EBITDA margin is -38.84% while for the period ending June 29, ECARX Holdings Inc’s operating margin was -31.65%. The firm’s gross profit as reported stood at $143.61 million against revenue of $515.74 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$274.74 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected ECX to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.07, representing a 36.40% surprise. EBITDA for the quarter stood at more than -$23.1 million. ECX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 599.4 million, with total debt at $1.47 billion.
Let’s look briefly at ECARX Holdings Inc (ECX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 37.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.35%.
The stock’s 5-day moving average is $3.41, reflecting a -5.43% or -$0.19 change from its current price. ECX is currently trading -28.51% above its 20-day SMA, -33.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -45.38%.
Stochastic %K and %D was 33.05% and 33.20% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 38.40%, while the 14-day stochastic is at 28.87% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ECARX Holdings Inc (NASDAQ: ECX), Cantor Fitzgerald launched coverage with an Overweight rating. Analysts offering their rating for ECX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ECX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is ECX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $61.77 and a high of $71.99, with their median price target at $66.88. Looking at these predictions, the average price target given by analysts is for ECARX Holdings Inc (ECX) stock is $66.88.
