SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $5.18 and last traded at $5.25, with a volume of 5100738 shares traded. The stock had previously closed at $8.44.
Wall Street Analysts Forecast Growth
Separately, BTIG Research initiated coverage on SunCar Technology Group in a research report on Monday, December 30th. They set a "buy" rating and a $12.00 target price for the company.
Read Our Latest Report on SDA
SunCar Technology Group Stock Performance
The firm has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $9.64.
Hedge Funds Weigh In On SunCar Technology Group
Institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company's stock valued at $170,000 after purchasing an additional 3,877 shares during the last quarter. XTX Topco Ltd grew its stake in SunCar Technology Group by 21.0% in the third quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock valued at $243,000 after purchasing an additional 3,820 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in SunCar Technology Group by 4.8% in the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company's stock valued at $269,000 after purchasing an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 0.26% of the company's stock.
About SunCar Technology Group
(
Get Free Report)
SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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