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

SunCar Technology Group Inc. (NASDAQ:SDA) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 87,762 shares, a decline of 17.5% from the December 31st total of 106,345 shares. Based on an average daily volume of 31,932 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 31,932 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SDA shares. BTIG Research reiterated a “buy” rating and set a $6.00 price target on shares of SunCar Technology Group in a report on Monday, December 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SunCar Technology Group currently has an average rating of “Hold” and a consensus target price of $4.75.

SunCar Technology Group Trading Down 0.5%

Shares of SDA traded down $0.01 during mid-day trading on Tuesday, reaching $1.95. The company had a trading volume of 21,757 shares, compared to its average volume of 31,816. SunCar Technology Group has a fifty-two week low of $1.54 and a fifty-two week high of $10.61. The firm has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.18. The stock has a market cap of $202.10 million, a price-to-earnings ratio of -27.86 and a beta of 0.10.

SunCar Technology Group (NASDAQ:SDA) last issued its earnings results on Thursday, December 18th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts predict that SunCar Technology Group will post 0.11 EPS for the current fiscal 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.