ZOOZ Power (NASDAQ:ZOOZ – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Chardan Capital in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $10.00 price target on the stock. Chardan Capital’s target price indicates a potential upside of 61.03% from the stock’s previous close.
ZOOZ has been the topic of a number of other research reports. Weiss Ratings cut ZOOZ Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Zacks Research raised shares of ZOOZ Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.00.
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ZOOZ Power Trading Up 2.0%
ZOOZ Power (NASDAQ:ZOOZ – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported ($2.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.60) by $0.13. As a group, research analysts predict that ZOOZ Power will post 1.04 earnings per share for the current year.
Institutional Investors Weigh In On ZOOZ Power
Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in ZOOZ Power during the fourth quarter worth approximately $3,066,000. Velan Capital Investment Management LP bought a new stake in ZOOZ Power in the third quarter valued at approximately $4,280,000. XTX Topco Ltd raised 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 buying an additional 105,459 shares during the period. Pantera Capital Partners LP acquired a new stake in shares of ZOOZ Power in the fourth quarter valued at approximately $1,867,000. Finally, Jane Street Group LLC boosted its stake in shares of ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock worth $40,000 after acquiring an additional 71,311 shares during the period. 38.06% of the stock is currently owned by institutional investors and hedge funds.
ZOOZ Power Company Profile
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.
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