U Power Limited ( (UCAR) ) has released a notification of late filing.
U Power Limited has announced a delay in filing its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to time constraints in compiling the necessary information and the need for additional time by their independent registered public accounting firm to review the financial statements. The company expects to file the report within fifteen calendar days following the original due date. No significant changes in financial results are anticipated, and the company continues to work on compliance efforts. The notification was signed by Jia Li, the Chief Executive Officer, Director, and Chairman of the Board of Directors.
Spark’s Take on UCAR Stock
According to Spark, TipRanks’ AI Analyst, UCAR is a Underperform.
UCAR’s overall stock score is low, primarily due to financial performance concerns with profitability and cash flow management, and negative technical indicators suggesting a sustained downtrend. The valuation also reflects ongoing financial challenges, with a negative P/E ratio highlighting profitability issues. These factors collectively weigh down the stock’s attractiveness.
To see Spark’s full report on UCAR stock, click here.
More about U Power Limited
YTD Price Performance: -65.60%
Average Trading Volume: 99,098
Technical Sentiment Signal: Buy
See more insights into UCAR stock on TipRanks’ Stock Analysis page.