ECARX Holdings Inc. Forecasted to Earn FY2023 Earnings of ($0.38) Per Share (NASDAQ:ECX)

ECARX Holdings Inc. (NASDAQ:ECX – Get Rating) – Research analysts at Cantor Fitzgerald issued their FY2023 earnings per share estimates for ECARX in a research note issued on Monday, May 22nd. Cantor Fitzgerald analyst D. Soderberg anticipates that the company will post earnings per share of ($0.38) for the year. Cantor Fitzgerald has a “Overweight” rating and a $10.00 price objective on the stock.

ECARX Trading Down 5.2 %

NASDAQ ECX opened at $6.91 on Wednesday. The firm has a 50 day moving average price of $5.42. ECARX has a 1-year low of $3.02 and a 1-year high of $11.00.

Hedge Funds Weigh In On ECARX

A number of institutional investors have recently added to or reduced their stakes in ECX. Virtu Financial LLC acquired a new stake in ECARX during the first quarter worth $141,000. Geode Capital Management LLC purchased a new stake in ECARX during the 4th quarter worth about $344,000. Finally, Altshuler Shaham Ltd purchased a new stake in ECARX during the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.

ECARX Company Profile

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ECARX Holdings, Inc engages in the design, development, and delivery of vehicle technology. Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack. The company was founded in 2017 and is based in Shanghai, China with an additional office in Europe.