ZEEKR Intelligent Technology (NYSE:ZK) Shares Up 1.7% – Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s share price rose 1.7% during trading on Wednesday . The stock traded as high as $24.38 and last traded at $22.75. Approximately 602,845 shares changed 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZK. CICC Research started coverage on shares of ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective for the company. Bank of America decreased their price target on shares of 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. Finally, Macquarie began coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ZEEKR Intelligent Technology currently has a consensus rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Trading Up 0.4 %

The business has a fifty day moving average price of $23.23 and a two-hundred day moving average price of $20.78.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZK. Sandia Investment Management LP acquired a new position in shares of ZEEKR Intelligent Technology in the second quarter worth $94,000. Barclays PLC raised its stake in shares of ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after purchasing an additional 2,097 shares in the last quarter. Green Alpha Advisors LLC acquired a new stake in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at about $219,000. Marshall Wace LLP acquired a new position in ZEEKR Intelligent Technology in the second quarter worth approximately $347,000. Finally, WT Asset Management Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the third quarter worth about $446,000.

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.