SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s share price dropped 2.5% during trading on Thursday . The company traded as low as $2.30 and last traded at $2.33. Approximately 83,250 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 98,915 shares. The stock had previously closed at $2.39.
Analysts Set New Price Targets
Separately, Oppenheimer initiated coverage on shares of SunCar Technology Group in a report on Tuesday, June 10th. They issued an "outperform" rating and a $3.50 target price on the stock.
Check Out Our Latest Stock Report on SunCar Technology Group
SunCar Technology Group Price Performance
The firm's 50 day simple moving average is $2.62 and its 200-day simple moving average is $4.28.
SunCar Technology Group (NASDAQ:SDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $102.60 million for the quarter. Equities research analysts anticipate that SunCar Technology Group Inc. will post 0.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SunCar Technology Group
Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of SunCar Technology Group during the 4th quarter worth $69,000. Marshall Wace LLP purchased a new stake in shares of SunCar Technology Group in the 4th quarter worth about $100,000. XTX Topco Ltd boosted its position in shares of SunCar Technology Group by 21.7% in the 4th quarter. XTX Topco Ltd now owns 26,773 shares of the company's stock worth $258,000 after buying an additional 4,767 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of SunCar Technology Group by 42.7% in the 4th quarter. Geode Capital Management LLC now owns 34,865 shares of the company's stock worth $336,000 after buying an additional 10,431 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of SunCar Technology Group by 33.6% in the 4th quarter. Invesco Ltd. now owns 43,851 shares of the company's stock worth $423,000 after buying an additional 11,033 shares in the last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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