ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) was up 3.4% on Tuesday . The company traded as high as $27.95 and last traded at $27.92. Approximately 156,979 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 863,731 shares. The stock had previously closed at $27.00.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ZK. Bank of America decreased their price objective 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 initiated coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an "outperform" rating and a $33.00 price target for the company. Finally, CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an "outperform" rating and a $31.74 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $32.02.
Get Our Latest Stock Report on ZK
ZEEKR Intelligent Technology Stock Up 6.8 %
The business has a 50 day moving average of $24.73 and a two-hundred day moving average of $20.81.
Hedge Funds Weigh In On ZEEKR Intelligent Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZK. Point72 Hong Kong Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $31,236,000. WT Asset Management Ltd bought a new position in ZEEKR Intelligent Technology in the third quarter valued at about $446,000. Point72 Asset Management L.P. acquired a new position in ZEEKR Intelligent Technology during the second quarter worth about $20,388,000. Westwood Holdings Group Inc. acquired a new position in ZEEKR Intelligent Technology during the second quarter worth about $1,288,000. Finally, Prudential PLC acquired a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $4,194,000.
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.
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