Zapp Electric Vehicles Group (NASDAQ:ZAPP) Now Covered by Maxim Group

Equities researchers at Maxim Group initiated coverage on shares of Zapp Electric Vehicles Group (NASDAQ:ZAPP) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price target points to a potential upside of 160.22% from the stock’s current price.

Separately, Litchfield Hills Research upgraded shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Monday, July 1st.

Zapp Electric Vehicles Group Stock Performance

ZAPP stock opened at $2.69 on Tuesday. The firm has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.35. Zapp Electric Vehicles Group has a 52 week low of $0.70 and a 52 week high of $19.10.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.