SunCar Technology Group’s (SDA) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of SunCar Technology Group (NASDAQ:SDA) in a report released on Wednesday morning,Benzinga reports.

A number of other analysts have also recently weighed in on SDA. Wall Street Zen upgraded shares of SunCar Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of SunCar Technology Group in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

SunCar Technology Group Stock Performance

Shares of NASDAQ:SDA opened at $0.76 on Wednesday. The firm has a 50 day moving average of $0.85 and a 200 day moving average of $1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.28 and a quick ratio of 1.28. SunCar Technology Group has a 52 week low of $0.47 and a 52 week high of $2.93.

SunCar Technology Group (NASDAQ:SDA) last announced its earnings results on Thursday, May 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. SunCar Technology Group had a return on equity of 0.21% and a net margin of 0.04%.The business had revenue of $131.17 million for the quarter, compared to analysts’ expectations of $132.49 million.

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.