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

SunCar Technology Group (NASDAQ:SDA)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a report released on Monday,Benzinga reports. They presently have a $6.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 192.68% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SunCar Technology Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SunCar Technology Group currently has an average rating of “Hold” and an average target price of $4.75.

SunCar Technology Group Price Performance

Shares of NASDAQ:SDA opened at $2.05 on Monday. The company has a 50 day moving average of $1.96 and a 200-day moving average of $2.30. SunCar Technology Group has a one year low of $1.54 and a one year high of $10.61. The stock has a market cap of $212.46 million, a price-to-earnings ratio of -29.29 and a beta of 0.09.

SunCar Technology Group (NASDAQ:SDA) last released its earnings results on Thursday, December 18th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $115.80 million for the quarter, compared to analysts’ expectations of $119.44 million. Equities research analysts anticipate that SunCar Technology Group will post 0.11 earnings per share for the current year.

Institutional Trading of SunCar Technology Group

An institutional investor recently bought a new position in SunCar Technology Group stock. Alpine Global Management LLC purchased a new position in SunCar Technology Group Inc. (NASDAQ:SDA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,608 shares of the company’s stock, valued at approximately $402,000. Alpine Global Management LLC owned approximately 0.09% of SunCar Technology Group at the end of the most recent reporting period. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

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.