ZOOZ Power (NASDAQ:ZOOZ) Shares Gap Down – Time to Sell?

ZOOZ Power Ltd. (NASDAQ:ZOOZGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $6.08, but opened at $5.58. ZOOZ Power shares last traded at $6.0690, with a volume of 14,506 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZOOZ. Chardan Capital restated a “buy” rating and issued a $40.00 price objective on shares of ZOOZ Power in a report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZOOZ Power in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ZOOZ Power presently has a consensus rating of “Hold” and an average target price of $40.00.

Read Our Latest Research Report on ZOOZ Power

ZOOZ Power Trading Up 7.4%

The business’s fifty day simple moving average is $6.18 and its two-hundred day simple moving average is $8.07.

Institutional Investors Weigh In On ZOOZ Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd boosted its stake in ZOOZ Power by 986.6% in the fourth quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock valued at $51,000 after acquiring an additional 105,459 shares in the last quarter. Arrington Capital Management LLC purchased a new position in shares of ZOOZ Power during the fourth quarter worth about $4,366,000. Pantera Capital Partners LP acquired a new stake in shares of ZOOZ Power during the fourth quarter worth about $1,867,000. Jane Street Group LLC lifted its holdings in shares of ZOOZ Power by 347.7% in the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock valued at $40,000 after purchasing an additional 71,311 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of ZOOZ Power in the 4th quarter valued at about $3,066,000. 38.06% of the stock is currently owned by institutional investors and hedge funds.

ZOOZ Power Company Profile

(Get Free Report)

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.

Further Reading

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