Research Analysts Set Expectations for ECD Automotive Design, Inc.’s FY2024 Earnings (NASDAQ:ECDA)

ECD Automotive Design, Inc. (NASDAQ:ECDA) – Analysts at Litchfield Hills Research dropped their FY2024 earnings per share estimates for ECD Automotive Design in a research note issued to investors on Monday, July 8th. Litchfield Hills Research analyst T. O’neill now forecasts that the company will post earnings per share of ($0.13) for the year, down from their prior estimate of $0.05. The consensus estimate for ECD Automotive Design’s current full-year earnings is $0.05 per share. Litchfield Hills Research also issued estimates for ECD Automotive Design’s FY2025 earnings at $0.03 EPS.

ECD Automotive Design Trading Up 4.5 %

ECD Automotive Design stock opened at $1.15 on Wednesday. The stock has a 50-day moving average of $1.11 and a two-hundred day moving average of $1.07. ECD Automotive Design has a one year low of $0.77 and a one year high of $17.00.

Institutional Investors Weigh In On ECD Automotive Design

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Levin Capital Strategies L.P. purchased a new stake in ECD Automotive Design in the fourth quarter valued at about $26,000. Context Capital Management LLC purchased a new position in shares of ECD Automotive Design in the fourth quarter worth about $52,000. Finally, ATW Spac Management LLC purchased a new position in shares of ECD Automotive Design in the fourth quarter worth about $191,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

ECD Automotive Design Company Profile

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.