Shares of SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) fell 2% during mid-day trading on Wednesday . The stock traded as low as $2.42 and last traded at $2.50. 136,325 shares were traded during trading, a decline of 57% from the average session volume of 314,568 shares. The stock had previously closed at $2.55.
Wall Street Analyst Weigh In
Separately, Oppenheimer started coverage on SunCar Technology Group in a report on Tuesday, June 10th. They set an "outperform" rating and a $3.50 price objective on the stock.
Get Our Latest Research Report on SDA
SunCar Technology Group Stock Performance
The stock has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $4.96.
SunCar Technology Group (NASDAQ:SDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The business had revenue of $102.60 million during the quarter. Sell-side analysts expect that SunCar Technology Group Inc. will post 0.11 EPS for the current year.
Institutional Trading of SunCar Technology Group
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alpine Global Management LLC purchased a new stake in shares of SunCar Technology Group during the first quarter worth about $402,000. Invesco Ltd. increased its position in shares of SunCar Technology Group by 11.8% during the first quarter. Invesco Ltd. now owns 49,008 shares of the company's stock worth $202,000 after acquiring an additional 5,157 shares during the last quarter. XTX Topco Ltd increased its position in shares of SunCar Technology Group by 17.2% during the first quarter. XTX Topco Ltd now owns 31,389 shares of the company's stock worth $129,000 after acquiring an additional 4,616 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of SunCar Technology Group during the fourth quarter worth about $69,000. Finally, Marshall Wace LLP purchased a new stake in shares of SunCar Technology Group during the fourth quarter worth about $100,000. 0.26% of the stock is owned by hedge funds and other institutional investors.
SunCar Technology Group Company Profile
(
Get Free Report)
SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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