ZEEKR Intelligent Technology (NYSE:ZK) Trading Up 6.7% - Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) shares traded up 6.7% on Wednesday . The stock traded as high as $22.70 and last traded at $22.34. 405,123 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 878,051 shares. The stock had previously closed at $20.94.

Wall Street Analyst Weigh In

Several analysts have issued reports on ZK shares. Bank of America decreased their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an "outperform" rating and a $31.74 price target on the stock. Finally, Macquarie started coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an "outperform" rating and a $33.00 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $32.02.

ZEEKR Intelligent Technology Stock Performance

The company has a 50-day simple moving average of $22.59.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The business had revenue of $2.76 billion for the quarter. On average, equities analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential PLC acquired a new position in ZEEKR Intelligent Technology during the second quarter worth about $4,194,000. Westwood Holdings Group Inc. bought a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at approximately $347,000. Sandia Investment Management LP bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $94,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth $20,388,000.

ZEEKR Intelligent Technology Company Profile

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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