SunCar Technology Group (NASDAQ:SDA – Free Report) had its target price lowered by BTIG Research from $6.00 to $5.00 in a research note issued to investors on Friday,Benzinga reports. BTIG Research currently has a buy rating on the stock.
A number of other equities analysts have also commented on the company. Zacks Research raised SunCar Technology Group to a “hold” rating in a research note on Wednesday, March 18th. Wall Street Zen raised SunCar Technology Group to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.25.
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SunCar Technology Group Stock Down 0.8%
SunCar Technology Group (NASDAQ:SDA – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.03 EPS for the quarter. The firm had revenue of $151.21 million for the quarter. On average, equities analysts predict that SunCar Technology Group will post 0.14 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.
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