SunCar Technology Group (NASDAQ:SDA – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02), reports. The business had revenue of $115.80 million for the quarter, compared to analyst estimates of $119.44 million.
SunCar Technology Group Price Performance
Shares of SDA stock opened at $2.05 on Friday. SunCar Technology Group has a one year low of $1.54 and a one year high of $10.61. The company’s fifty day moving average price is $1.96 and its 200-day moving average price is $2.30. The company has a market capitalization of $212.46 million, a price-to-earnings ratio of -29.29 and a beta of 0.09.
Analysts Set New Price Targets
SDA has been the subject of several analyst reports. BTIG Research reduced their price objective on SunCar Technology Group from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SunCar Technology Group currently has a consensus rating of “Hold” and a consensus target price of $4.75.
SunCar Technology Group Company Profile
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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