ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 0.2% – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $24.46 and last traded at $24.01. 212,234 shares were traded during mid-day trading, a decline of 76% from the average session volume of 870,286 shares. The stock had previously closed at $23.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZK. Bank of America lowered their price target on 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. Macquarie initiated coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Finally, CICC Research initiated coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Stock Performance

The business’s 50 day simple moving average is $24.09 and its 200 day simple moving average is $20.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology during the second quarter worth about $94,000. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 2,097 shares in the last quarter. Green Alpha Advisors LLC acquired a new position in shares of ZEEKR Intelligent Technology in the 3rd quarter worth approximately $219,000. Marshall Wace LLP acquired a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth approximately $347,000. Finally, WT Asset Management Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the 3rd quarter worth approximately $446,000.

About ZEEKR Intelligent Technology

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.