SunCar Technology Group Inc (NASDAQ: SDA) has seen a rise in its stock price by 2.91 in relation to its previous close of 9.28. However, the company has experienced a 8.15% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-18 that NEW YORK, Dec. 18, 2024 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that it has been awarded a bid to provide premium concierge transportation services for Shanghai Rural Commercial Bank’s (“SRCB”) valued clientele. This milestone extends the partnership between SunCar and SRCB, which has thrived since 2014.
Is It Worth Investing in SunCar Technology Group Inc (NASDAQ: SDA) Right Now?
Moreover, the 36-month beta value for SDA is -0.14. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SDA is 33.18M and currently, short sellers hold a 0.75% of that float. On December 27, 2024, SDA’s average trading volume was 339.21K shares.
SDA’s Market Performance
SDA stock saw a decrease of 8.15% in the past week, with a monthly decline of -3.83% and a quarterly a decrease of -8.44%. The volatility ratio for the week is 6.81%, and the volatility levels for the last 30 days are 7.16% for SunCar Technology Group Inc (SDA). The simple moving average for the last 20 days is 3.74% for SDA stock, with a simple moving average of 7.37% for the last 200 days.
SDA Trading at -0.15% from the 50-Day Moving Average
After a stumble in the market that brought SDA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.65% of loss for the given period.
Volatility was left at 7.16%, however, over the last 30 days, the volatility rate increased by 6.81%, as shares sank -7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.15% upper at present.
During the last 5 trading sessions, SDA rose by +9.51%, which changed the moving average for the period of 200-days by +33.75% in comparison to the 20-day moving average, which settled at $9.21. In addition, SunCar Technology Group Inc saw 15.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SDA
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.11 for the gross margin
The net margin for SunCar Technology Group Inc stands at -0.21. The total capital return value is set at -0.76.
Based on SunCar Technology Group Inc (SDA), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12.
Currently, EBITDA for the company is -5.7 million with net debt to EBITDA at -0.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 5.32for trailing twelve months and the total asset turnover is 1.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To wrap up, the performance of SunCar Technology Group Inc (SDA) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
