SunCar Technology Group (NASDAQ:SDA – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04), FiscalAI reports. SunCar Technology Group had a net margin of 0.04% and a return on equity of 0.21%. The company had revenue of $145.34 million for the quarter, compared to the consensus estimate of $141.66 million.
SunCar Technology Group Stock Up 1.0%
Shares of SunCar Technology Group stock traded up $0.00 on Tuesday, hitting $0.49. 279,612 shares of the company’s stock traded hands, compared to its average volume of 545,187. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.01. SunCar Technology Group has a one year low of $0.42 and a one year high of $2.70. The company has a fifty day moving average of $0.71 and a two-hundred day moving average of $1.06.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating on shares of SunCar Technology Group in a report on Wednesday, July 29th. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Friday, July 17th. Finally, Wall Street Zen cut SunCar Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SunCar Technology Group has a consensus rating of “Hold” and an average target price of $5.00.
SunCar Technology Group Company Profile
SunCar Technology Group Inc (NASDAQ: SDA) operates a digital platform for automotive after-sales services in China. The company connects vehicle owners with insurance providers, automobile dealerships, service centers and other automotive service providers through technology-enabled marketplaces and service-management solutions.
Its offerings include automotive insurance brokerage and related insurance services, as well as a range of vehicle services such as maintenance, repair, roadside assistance, cleaning, detailing and other convenience services.
See Also
- Five stocks we like better than SunCar Technology Group
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
Receive News & Ratings for SunCar Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCar Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.
