SunCar Technology Group (NASDAQ:SDA) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded SunCar Technology Group (NASDAQ:SDA) from a "hold" to a Buy, though the Street-wide consensus remains a "Hold" with two Buys, one Hold and one Sell and a consensus target price of $4.25.
• The stock opened at $1.22, trades in a 52-week range of $1.15–$3.65, has a market cap of $124.45 million and a negative P/E of -30.50, with a 50-day/200-day SMA of $1.80/$1.93.
• SunCar develops the SunDrive range-extending systems for EV fleets; in the latest quarter it reported $0.03 EPS and $151.21 million in revenue, and analysts project about $0.14 EPS for the year.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the company. Zacks Research upgraded SunCar Technology Group to a "hold" rating in a research note on Wednesday, March 18th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SunCar Technology Group in a report on Tuesday, April 21st. Finally, BTIG Research decreased their target price on SunCar Technology Group from $6.00 to $5.00 and set a "buy" rating for the company in a report on Friday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.25.

SunCar Technology Group Stock Performance

Shares of SDA stock opened at $1.22 on Friday. SunCar Technology Group has a fifty-two week low of $1.15 and a fifty-two week high of $3.65. The firm has a market capitalization of $124.45 million, a price-to-earnings ratio of -30.50 and a beta of -0.02. The stock's 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.93.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $151.21 million for the quarter. As a group, equities analysts forecast that SunCar Technology Group will post 0.14 earnings per share 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.

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