ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $29.47, but opened at $27.99. ZEEKR Intelligent Technology shares last traded at $28.35, with a volume of 140,980 shares traded.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Macquarie assumed coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 target price for the company. Bank of America decreased their target price on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Finally, CICC Research assumed coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $32.02.
Check Out Our Latest Report on ZK
ZEEKR Intelligent Technology Stock Down 4.3 %
The stock has a 50 day moving average price of $24.47 and a 200-day moving average price of $20.64.
Hedge Funds Weigh In On ZEEKR Intelligent Technology
A number of institutional investors and hedge funds have recently modified their holdings of the company. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth $94,000. Barclays PLC raised its holdings in ZEEKR Intelligent Technology by 28.5% in the 3rd quarter. Barclays PLC now owns 9,456 shares of the company's stock worth $211,000 after purchasing an additional 2,097 shares during the period. Green Alpha Advisors LLC bought a new position in ZEEKR Intelligent Technology in the 3rd quarter worth $219,000. Marshall Wace LLP bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth $347,000. Finally, WT Asset Management Ltd bought a new position in ZEEKR Intelligent Technology in the 3rd quarter worth $446,000.
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.
See Also
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