Leo Wealth LLC Decreases Holdings in ECARX Holdings Inc. (NASDAQ:ECX)

Leo Wealth LLC lessened its holdings in shares of ECARX Holdings Inc. (NASDAQ:ECX) by 9.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,514,423 shares of the company’s stock after selling 259,094 shares during the period. Leo Wealth LLC’s holdings in ECARX were worth $5,305,000 at the end of the most recent reporting period.

Separately, Green Alpha Advisors LLC acquired a new position in ECARX in the fourth quarter valued at $167,000.

ECARX Stock Performance

ECX opened at $1.68 on Friday. ECARX Holdings Inc. has a one year low of $0.96 and a one year high of $3.09. The stock has a market capitalization of $567.76 million, a P/E ratio of -3.36 and a beta of 0.32. The business’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $1.81.

ECARX (NASDAQ:ECX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $203.10 million for the quarter. During the same quarter in the previous year, the company posted ($0.26) earnings per share. On average, equities research analysts forecast that ECARX Holdings Inc. will post -0.42 EPS 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.