SunCar Technology Group (NASDAQ:SDA – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04), FiscalAI reports. The business had revenue of $145.34 million for the quarter, compared to analysts’ expectations of $141.66 million. SunCar Technology Group had a net margin of 0.04% and a return on equity of 0.21%.
SunCar Technology Group Trading Up 1.0%
Shares of SunCar Technology Group stock opened at $0.49 on Wednesday. SunCar Technology Group has a one year low of $0.42 and a one year high of $2.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day moving average of $0.70 and a two-hundred day moving average of $1.05.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SDA shares. BTIG Research restated a “buy” rating on shares of SunCar Technology Group in a research note on Wednesday, July 29th. Wall Street Zen downgraded SunCar Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.
About SunCar Technology Group
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.
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