UCAR (UCAR) Stock Surges Amidst Volatility in Auto Retail Sector

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Dec 19, 2024

UCAR (UCAR, Financial) experienced a significant stock price surge of 5.26%, reaching $7.00 per share with a trading volume of 6,807 shares and a turnover rate of 0.20%. The stock's amplitude was recorded at 6.77%. Recent financial reports indicate UCAR's revenue at $1.83 million, net loss at $3.26 million, and earnings per share at -$1.03. The gross profit stood at -$575,411.08, with a price-to-earnings ratio of -2.98. Currently, there are no institutional ratings suggesting buy, hold, or sell for UCAR.

In the broader auto retail industry, the sector saw an overall decline of 0.67%. Notably, Lazydays Holdings, Inc., and Suncar Technology Group Inc. showed significant gains. Meanwhile, stocks such as Cheetah Net Supply Chain Service Inc. and Kaixin Auto Holdings were notably active.

UCAR specializes in providing vehicle procurement services, focusing on the development and sale of new energy vehicles, battery swap stations, and related services. The company acts as an intermediary in automotive sales between wholesalers and buyers in China's smaller cities.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.