Cantor Fitzgerald Increases Earnings Estimates for ECARX

ECARX Holdings Inc. (NASDAQ:ECX) – Cantor Fitzgerald upped their FY2025 earnings per share estimates for shares of ECARX in a research report issued to clients and investors on Wednesday, March 26th. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will post earnings per share of ($0.13) for the year, up from their previous estimate of ($0.17). The consensus estimate for ECARX’s current full-year earnings is ($0.42) per share.

Separately, UBS Group assumed coverage on shares of ECARX in a research report on Tuesday, February 11th. They set a “buy” rating and a $3.20 price objective for the company.

ECARX Stock Down 33.6 %

Shares of ECX opened at $1.50 on Friday. The company has a market capitalization of $506.93 million, a price-to-earnings ratio of -3.00 and a beta of 0.23. ECARX has a 52-week low of $0.96 and a 52-week high of $3.25. The stock has a 50 day moving average price of $2.18 and a 200 day moving average price of $1.97.

Hedge Funds Weigh In On ECARX

Several large investors have recently bought and sold shares of ECX. Two Sigma Securities LLC acquired a new stake in shares of ECARX during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC acquired a new position in ECARX during the fourth quarter worth approximately $32,000. XTX Topco Ltd purchased a new stake in ECARX in the fourth quarter valued at approximately $52,000. Citadel Advisors LLC purchased a new stake in ECARX in the fourth quarter valued at approximately $68,000. Finally, Green Alpha Advisors LLC acquired a new stake in shares of ECARX in the fourth quarter valued at approximately $167,000.

About ECARX

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.