Millennium Management LLC Invests $207,000 in ECARX Holdings Inc. (NASDAQ:ECX)

Millennium Management LLC purchased a new position in ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, Holdings Channel reports. The fund purchased 98,280 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in ECARX in the fourth quarter worth about $319,000. Renaissance Technologies LLC bought a new position in shares of ECARX during the 4th quarter valued at approximately $630,000. Barclays PLC purchased a new stake in shares of ECARX during the 4th quarter worth approximately $348,000. XTX Topco Ltd purchased a new stake in shares of ECARX during the 4th quarter worth approximately $52,000. Finally, Marshall Wace LLP bought a new stake in shares of ECARX in the 4th quarter worth approximately $245,000.

ECARX Trading Down 2.5%

ECARX stock opened at $1.59 on Friday. The business’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $1.79. ECARX Holdings Inc. has a 12 month low of $0.76 and a 12 month high of $3.25. The company has a market cap of $589.46 million, a price-to-earnings ratio of -3.18 and a beta of 0.56.

ECARX (NASDAQ:ECX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $168.40 million during the quarter, compared to the consensus estimate of $154.18 million. As a group, equities research analysts forecast that ECARX Holdings Inc. will post -0.42 earnings per share for the current fiscal year.

ECARX Company Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.