ZEEKR Intelligent Technology (NYSE:ZK) Shares Up 5.2%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price traded up 5.2% during trading on Friday . The stock traded as high as $19.66 and last traded at $19.29. 340,621 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 606,968 shares. The stock had previously closed at $18.33.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZK shares. 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 report on Thursday, August 22nd. Citigroup began coverage on ZEEKR Intelligent Technology in a research note on Monday, June 24th. They issued a “buy” rating and a $32.40 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on ZEEKR Intelligent Technology in a research report on Thursday, June 6th. They set a “buy” rating and a $35.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of ZEEKR Intelligent Technology in a research report on Tuesday, June 4th. They issued a “buy” rating and a $34.00 price objective on the stock.

ZEEKR Intelligent Technology Stock Up 15.1 %

The business’s 50-day moving average price is $16.37.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The company had revenue of $2.76 billion during the quarter. Analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several institutional investors and hedge funds have recently made changes to their positions in ZK. Sandia Investment Management LP purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at about $94,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology in the second quarter valued at approximately $347,000. HITE Hedge Asset Management LLC purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at approximately $596,000. Westwood Holdings Group Inc. bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth approximately $1,288,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter worth $1,319,000.

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.