ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $23.29 and last traded at $23.03. Approximately 77,311 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 754,769 shares. The stock had previously closed at $22.00.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Citigroup assumed coverage on shares of ZEEKR Intelligent Technology in a report on Monday, June 24th. They set a "buy" rating and a $32.40 price objective for the company. Bank of America reduced their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, August 22nd. Finally, Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an "outperform" rating and a $33.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $32.08.
View Our Latest Stock Report on ZK
ZEEKR Intelligent Technology Trading Up 5.6 %
The firm has a 50-day moving average of $18.84.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The firm had revenue of $2.76 billion for the quarter. On average, equities research analysts expect that ZEEKR Intelligent Technology Holding Limited will post -2.2 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ZK. Point72 Hong Kong Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $31,236,000. Point72 Asset Management L.P. acquired a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $20,388,000. Millennium Management LLC acquired a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $17,478,000. Prudential PLC acquired a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $4,194,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter worth $2,736,000.
About ZEEKR Intelligent Technology
(
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ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.
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