SunCar Technology Group (NASDAQ:SDA) Raised to “Hold” at Wall Street Zen
by Teresa Graham · The Cerbat GemSunCar Technology Group (NASDAQ:SDA – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.
Several other analysts also recently commented on SDA. Zacks Research upgraded SunCar Technology Group to a “hold” rating in a research note on Wednesday, March 18th. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Thursday, January 22nd. Finally, BTIG Research restated a “buy” rating and issued a $6.00 target price on shares of SunCar Technology Group in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.75.
Check Out Our Latest Stock Analysis on SunCar Technology Group
SunCar Technology Group Price Performance
Shares of SDA stock opened at $1.70 on Friday. The company has a market cap of $176.19 million, a price-to-earnings ratio of -24.29 and a beta of 0.23. SunCar Technology Group has a 52 week low of $1.54 and a 52 week high of $3.65. The firm has a 50 day moving average of $1.92 and a 200-day moving average of $2.00.
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.