SunCar Technology Group (NASDAQ:SDA) Trading 1.2% Higher – Still a Buy?

SunCar Technology Group Inc. (NASDAQ:SDA) rose 1.2% during trading on Wednesday . The stock traded as high as $0.82 and last traded at $0.7891. 60,088 shares were traded during trading, a decline of 68% from the average session volume of 185,263 shares. The stock had previously closed at $0.78.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. 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. Weiss Ratings reissued a “sell (e+)” rating on shares of SunCar Technology Group in a research report on Friday, July 17th. Finally, BTIG Research dropped their price target on shares of SunCar Technology Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. One 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.00.

SunCar Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $1.48.

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 return on equity of 0.21% and a net margin of 0.04%.The business had revenue of $131.17 million for the quarter, compared to analysts’ expectations 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.