Zapp Electric Vehicles Group (NASDAQ:ZAPP) Trading Down 0.8% – Here’s What Happened

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP)’s share price was down 0.8% during trading on Monday . The stock traded as low as $0.59 and last traded at $0.59. Approximately 246,377 shares were traded during trading, a decline of 89% from the average daily volume of 2,236,088 shares. The stock had previously closed at $0.59.

Wall Street Analysts Forecast Growth

Separately, Maxim Group dropped their price objective on shares of Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Zapp Electric Vehicles Group Trading Down 4.4 %

The company has a 50-day moving average price of $0.78 and a 200-day moving average price of $1.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Renaissance Technologies LLC acquired a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,556 shares of the company’s stock, valued at approximately $52,000. Renaissance Technologies LLC owned approximately 1.30% of Zapp Electric Vehicles Group as of its most recent SEC filing.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.