SunCar Technology Group (NASDAQ:SDA) Upgraded by Wall Street Zen to Hold Rating

SunCar Technology Group (NASDAQ:SDA) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on SDA. Zacks Research upgraded shares of SunCar Technology Group to a “hold” rating in a report on Wednesday, March 18th. BTIG Research reiterated a “buy” rating and issued a $6.00 target price on shares of SunCar Technology Group in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SunCar Technology Group in a report on Thursday, January 22nd. Two equities research analysts have 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 data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.75.

SunCar Technology Group Stock Performance

SDA opened at $1.70 on Friday. The company’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $2.01. SunCar Technology Group has a 1-year low of $1.54 and a 1-year high of $3.65. The company has a market cap of $176.19 million, a price-to-earnings ratio of -24.29 and a beta of 0.23.

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.