SunCar Technology Group (NASDAQ:SDA) Receives Buy Rating from BTIG Research

SunCar Technology Group (NASDAQ:SDA)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a note issued to investors on Wednesday,Benzinga reports.

Several other brokerages also recently commented on SDA. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Friday, July 17th. Wall Street Zen upgraded shares of SunCar Technology Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

SunCar Technology Group Stock Up 3.2%

SDA stock opened at $0.77 on Wednesday. SunCar Technology Group has a 1-year low of $0.47 and a 1-year high of $2.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $0.84 and its 200-day moving average is $1.44.

SunCar Technology Group (NASDAQ:SDA) last posted its earnings results on Thursday, May 28th. The company reported $0.01 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $132.49 million.

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.