SunCar Technology Group (NASDAQ:SDA) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of SunCar Technology Group (NASDAQ:SDA) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently weighed in on SDA. BTIG Research reduced their price target on shares of SunCar Technology Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Research raised shares of SunCar Technology Group to a “hold” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SunCar Technology Group in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SunCar Technology Group currently has a consensus rating of “Hold” and an average target price of $4.25.

SunCar Technology Group Stock Performance

SunCar Technology Group stock opened at $1.22 on Friday. SunCar Technology Group has a 1 year low of $1.15 and a 1 year high of $3.65. The firm has a 50 day moving average price of $1.80 and a 200 day moving average price of $1.93. The company has a market cap of $124.45 million, a price-to-earnings ratio of -30.50 and a beta of -0.02.

SunCar Technology Group (NASDAQ:SDA) last released its earnings results on Tuesday, April 28th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $151.21 million during the quarter. Sell-side analysts predict that SunCar Technology Group will post 0.14 EPS for the current year.

About SunCar Technology Group

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.