ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report)'s share price traded up 2.7% during trading on Monday . The company traded as high as $24.35 and last traded at $24.07. 441,698 shares traded hands during trading, a decline of 49% from the average session volume of 872,222 shares. The stock had previously closed at $23.43.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an "outperform" rating and a $31.74 target price for the company. Macquarie began coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price target for the company. Finally, Bank of America cut their target price 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 research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $32.02.
Get Our Latest Research Report on ZK
ZEEKR Intelligent Technology Stock Performance
The firm has a 50-day moving average price of $23.64 and a 200 day moving average price of $20.68.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at $31,236,000. Point72 Asset Management L.P. purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at $20,388,000. Millennium Management LLC purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at $17,478,000. Prudential PLC purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at $4,194,000. Finally, Polymer Capital Management HK LTD purchased a new position in ZEEKR Intelligent Technology in the third quarter valued at $3,836,000.
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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