Senmiao Technology (NASDAQ:AIHS) has released its financial results for the third quarter of 2024. The company’s revenue decreased by 7.0% compared to the same period in 2023, reaching $1.62 million. However, the net loss for the quarter improved by 3.8% from the previous year, amounting to $934,000. Additionally, loss per share decreased from $0.13 in 2023Q3 to $0.099 in 2024Q3.

Investors should be cautious about investing in Senmiao Technology as it exhibits five warning signs according to our investment analysis. Four of these signs are considered unfavorable, highlighting potential risks associated with investing in this company.

Looking at the trailing twelve-month (TTM) financial data for Senmiao Technology can be seen in the chart above. The shares of this company are currently down 2.3% from a week ago, making it important for investors to be aware of the risks involved with investing in this company. Our analysis reveals that there are several warning signs that investors should be aware of before making any investment decisions related to Senmiao Technology.

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Our goal is to provide long-term focused analysis driven by fundamental data while taking into account qualitative material and price-sensitive company announcements.

Simply Wall St has no position in any of the stocks mentioned above.

By Editor

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