ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 3.7% – Here’s Why

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price rose 3.7% during mid-day trading on Monday . The company traded as high as $28.88 and last traded at $28.58. Approximately 216,665 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 862,668 shares. The stock had previously closed at $27.55.

Analysts Set New Price Targets

ZK has been the subject of several analyst reports. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 price target for the company. Macquarie assumed coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price objective for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Trading Down 2.4 %

The firm has a fifty day moving average of $25.20 and a 200-day moving average of $20.94.

Institutional Trading of ZEEKR Intelligent Technology

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

About ZEEKR Intelligent Technology

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.