SunCar Technology Group (NASDAQ:SDA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of SunCar Technology Group (NASDAQ:SDA) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other analysts 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. BTIG Research reiterated a “buy” rating on shares of SunCar Technology Group in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SunCar Technology Group presently has an average rating of “Hold” and a consensus price target of $5.00.

SunCar Technology Group Stock Performance

Shares of SunCar Technology Group stock opened at $0.80 on Friday. The firm has a fifty day moving average price of $0.86 and a 200 day moving average price of $1.36. SunCar Technology Group has a 1 year low of $0.47 and a 1 year high of $2.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.28 and a quick ratio of 1.28.

SunCar Technology Group (NASDAQ:SDA) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $131.17 million for the quarter, compared to analyst estimates of $132.49 million. SunCar Technology Group had a net margin of 0.04% and a return on equity of 0.21%.

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.