SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s stock price shot up 8.6% during trading on Thursday . The company traded as high as $10.18 and last traded at $10.13. 404,716 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 574,757 shares. The stock had previously closed at $9.32.
Analysts Set New Price Targets
Separately, BTIG Research began coverage on shares of SunCar Technology Group in a research note on Monday, December 30th. They issued a "buy" rating and a $12.00 target price for the company.
View Our Latest Stock Report on SunCar Technology Group
SunCar Technology Group Stock Performance
The firm has a 50 day moving average of $9.43 and a two-hundred day moving average of $9.68.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SDA. State Street Corp boosted its holdings 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 acquiring an additional 3,877 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of SunCar Technology Group by 21.0% during the 3rd quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock worth $243,000 after buying an additional 3,820 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in SunCar Technology Group by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company's stock worth $269,000 after buying an additional 1,116 shares during the period. 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.
See Also
Before you consider SunCar Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SunCar Technology Group wasn't on the list.
While SunCar Technology Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
