For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of ECARX Holdings Inc (NASDAQ: ECX) was $1.96 for the day, up 3.70% from the previous closing price of $1.89. In other words, the price has increased by $3.70 from its previous closing price. On the day, 1.11 million shares were traded. ECX stock price reached its highest trading level at $2.0 during the session, while it also had its lowest trading level at $1.83.
Ratios:
Our analysis of ECX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on May 22, 2023, initiated with a Overweight rating and assigned the stock a target price of $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ECX now has a Market Capitalization of 672534784 and an Enterprise Value of 2135849856. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90. Its current Enterprise Value per Revenue stands at 0.391 whereas that against EBITDA is -2.197.
Stock Price History:
Over the past 52 weeks, ECX has reached a high of $3.44, while it has fallen to a 52-week low of $0.96. The 50-Day Moving Average of the stock is 6.77%, while the 200-Day Moving Average is calculated to be 14.47%.
Shares Statistics:
ECX traded an average of 253.14K shares per day over the past three months and 930750 shares per day over the past ten days. A total of 289.11M shares are outstanding, with a floating share count of 111.14M. Insiders hold about 67.61% of the company’s shares, while institutions hold 2.61% stake in the company. Shares short for ECX as of 1734048000 were 99073 with a Short Ratio of 0.39, compared to 1731628800 on 198759. Therefore, it implies a Short% of Shares Outstanding of 99073 and a Short% of Float of 0.06999999999999999.
