SunCar Technology Group (NASDAQ:SDA) Announces Earnings Results

Key Points

• SunCar reported quarterly EPS of $0.03, according to Zacks.
• Shares traded down $0.01 to $1.42 on Tuesday with volume of 78,563 (below the 246,460 average); the company has a market cap of $144.34 million and a 52-week range of $1.35–$3.65.
• Analysts are mixed—two Buys, one Hold and one Sell—with a consensus rating of Hold and a consensus target price of $4.75.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) issued its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports.

SunCar Technology Group Price Performance

Shares of NASDAQ SDA traded down $0.01 during mid-day trading on Tuesday, reaching $1.42. 78,563 shares of the company traded hands, compared to its average volume of 246,460. SunCar Technology Group has a fifty-two week low of $1.35 and a fifty-two week high of $3.65. The firm has a market cap of $144.34 million, a PE ratio of -20.21 and a beta of 0.23. The stock has a fifty day simple moving average of $1.83 and a 200-day simple moving average of $1.94.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SDA shares. Wall Street Zen upgraded shares of SunCar Technology Group to a "hold" rating in a research note on Saturday, April 11th. Zacks Research upgraded shares of SunCar Technology Group to a "hold" rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of SunCar Technology Group in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.75.

About SunCar Technology Group

SunCar Technology Group NASDAQ: SDA is a technology-driven developer of range-extending systems for electric vehicles. The company’s flagship offering, SunDrive, integrates a compact internal combustion generator, advanced battery management, thermal management, and proprietary power electronics under unified control software. By combining these elements into a modular platform, SunCar addresses range anxiety and total cost of ownership concerns for light- and medium-duty EV fleets.

Founded in 2016 and headquartered in Shenzhen, China, SunCar serves global customers across ride-hailing, delivery logistics and commercial fleet segments.

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