ZEEKR Intelligent Technology (NYSE:ZK) Trading 1.7% Higher – Here’s Why

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price rose 1.7% during mid-day trading on Wednesday . The stock traded as high as $24.38 and last traded at $22.75. Approximately 602,845 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 875,280 shares. The stock had previously closed at $22.36.

Analyst Upgrades and Downgrades

ZK has been the topic of several recent research reports. CICC Research initiated coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective on the stock. Macquarie began 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, Bank of America reduced their target price 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. Six investment 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.

ZEEKR Intelligent Technology Stock Up 0.4 %

The business has a 50 day moving average price of $23.50 and a 200-day moving average price of $20.80.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of hedge funds have recently bought and sold shares of ZK. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $4,194,000. Westwood Holdings Group Inc. acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $347,000. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $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.