SunCar Technology Group Inc. (NASDAQ:SDA) Short Interest Update

SunCar Technology Group Inc. (NASDAQ:SDA) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 107,227 shares, a growth of 22.2% from the January 15th total of 87,762 shares. Based on an average daily volume of 32,530 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 32,530 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SDA. BTIG Research reissued a “buy” rating and set a $6.00 target price on shares of SunCar Technology Group in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SunCar Technology Group in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SunCar Technology Group has an average rating of “Hold” and an average price target of $4.75.

SunCar Technology Group Stock Up 1.5%

NASDAQ:SDA traded up $0.03 during mid-day trading on Wednesday, reaching $2.04. The company’s stock had a trading volume of 217,603 shares, compared to its average volume of 92,803. The firm has a market capitalization of $211.42 million, a PE ratio of -29.14 and a beta of 0.10. The stock has a fifty day moving average of $2.02 and a 200-day moving average of $2.16. SunCar Technology Group has a 1 year low of $1.54 and a 1 year high of $5.35.

SunCar Technology Group (NASDAQ:SDA) last announced its earnings results on Thursday, December 18th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $115.80 million during the quarter, compared to analysts’ expectations of $119.44 million. On average, analysts expect that SunCar Technology Group will post 0.11 earnings per share for the current year.

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.