ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) saw an uptick in trading volume on Friday . 1,369,530 shares changed hands during trading, an increase of 78% from the previous session's volume of 768,712 shares.The stock last traded at $27.66 and had previously closed at $23.11.
Wall Street Analyst Weigh In
Several research firms have commented on ZK. CICC Research began coverage on ZEEKR Intelligent Technology in a research note on Friday. They set an "outperform" rating and a $31.74 price objective for the company. Macquarie began coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an "outperform" rating and a $33.00 price objective for the company. Finally, Bank of America decreased their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, ZEEKR Intelligent Technology currently has an average rating of "Buy" and an average target price of $32.02.
Get Our Latest Analysis on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Price Performance
The business's fifty day moving average is $19.29.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released 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 during the quarter. As a group, research analysts expect that ZEEKR Intelligent Technology Holding Limited will post -2.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ZK. Prudential PLC purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at $4,194,000. Westwood Holdings Group Inc. acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $347,000. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $20,388,000.
ZEEKR Intelligent Technology Company Profile
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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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