Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) rose 5.6% during trading on Friday . The company traded as high as $23.72 and last traded at $23.69. Approximately 293,927 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 874,138 shares. The stock had previously closed at $22.44.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ZK shares. Macquarie started coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 target price for the company. CICC Research started coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an "outperform" rating and a $31.74 price objective on the stock. Finally, Bank of America reduced their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $32.02.
Read Our Latest Research Report on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Trading Up 4.4 %
The company's 50-day moving average is $23.64 and its 200 day moving average is $20.77.
Hedge Funds Weigh In On ZEEKR Intelligent Technology
A number of hedge funds have recently bought and sold shares of ZK. Sandia Investment Management LP purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth about $94,000. Barclays PLC boosted 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 buying an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC purchased a new stake in ZEEKR Intelligent Technology during the 3rd quarter worth approximately $219,000. Marshall Wace LLP acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Finally, WT Asset Management Ltd purchased a new position in shares of ZEEKR Intelligent Technology in the third quarter valued at approximately $446,000.
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.
See Also
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