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

SunCar Technology Group (NASDAQ:SDA)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a report issued on Wednesday,Benzinga reports.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Friday, July 17th. Wall Street Zen raised 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

SunCar Technology Group Trading Up 3.2%

NASDAQ:SDA opened at $0.77 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.28 and a current ratio of 1.28. SunCar Technology Group has a 52 week low of $0.47 and a 52 week high of $2.93. The stock’s 50 day moving average price is $0.84 and its 200 day moving average price is $1.44.

SunCar Technology Group (NASDAQ:SDA) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. SunCar Technology Group had a net margin of 0.04% and a return on equity of 0.21%. The firm had revenue of $131.17 million during 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.