ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) shares traded down 5.6% during trading on Tuesday . The stock traded as low as $24.46 and last traded at $24.54. 75,710 shares changed hands during trading, a decline of 81% from the average session volume of 406,247 shares. The stock had previously closed at $25.99.
Analysts Set New Price Targets
Several equities research analysts have weighed in on ZK shares. CICC Research initiated coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price for the company. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price target for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, ZEEKR Intelligent Technology presently has an average rating of "Buy" and a consensus price target of $32.02.
Get Our Latest Analysis on ZK
ZEEKR Intelligent Technology Stock Performance
The firm's 50 day moving average is $26.52 and its 200 day moving average is $22.15.
Institutional Trading of ZEEKR Intelligent Technology
Institutional investors have recently bought and sold shares of the stock. Renaissance Capital LLC raised its stake in shares of ZEEKR Intelligent Technology by 119.0% in the fourth quarter. Renaissance Capital LLC now owns 49,697 shares of the company's stock worth $1,410,000 after purchasing an additional 27,001 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of ZEEKR Intelligent Technology in the 4th quarter valued at $341,000. Green Alpha Advisors LLC increased its stake in shares of ZEEKR Intelligent Technology by 55.4% in the fourth quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company's stock worth $434,000 after acquiring an additional 5,447 shares during the period. Barclays PLC lifted its position in ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company's stock valued at $211,000 after purchasing an additional 2,097 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in ZEEKR Intelligent Technology in the third quarter valued at $605,000.
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.
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