ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.36, but opened at $23.28. ZEEKR Intelligent Technology shares last traded at $23.89, with a volume of 144,941 shares changing hands.
Wall Street Analysts Forecast Growth
ZK has been the subject of a number of analyst reports. Bank of America lowered their target price 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. Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 target price on the stock. Finally, CICC Research started coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an "outperform" rating and a $31.74 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology has an average rating of "Buy" and an average target price of $32.02.
Check Out Our Latest Analysis on ZK
ZEEKR Intelligent Technology Price Performance
The company's 50-day moving average price is $23.38 and its two-hundred day moving average price is $20.79.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ZK. Barclays PLC raised its position in ZEEKR Intelligent Technology by 28.5% during 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 last quarter. Renaissance Capital LLC grew its holdings in ZEEKR Intelligent Technology by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company's stock worth $506,000 after acquiring an additional 3,789 shares during the period. Sandia Investment Management LP bought a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth about $94,000. Green Alpha Advisors LLC acquired a new position in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at about $219,000. Finally, HITE Hedge Asset Management LLC grew its stake in ZEEKR Intelligent Technology by 52.4% during the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company's stock worth $1,074,000 after purchasing an additional 16,564 shares during the period.
ZEEKR Intelligent Technology Company Profile
(
Get Free Report)
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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