ZEEKR Intelligent Technology (NYSE:ZK) Trading Up 8.3% – What’s Next?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) traded up 8.3% on Monday . The company traded as high as $27.12 and last traded at $26.89. 305,267 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 795,996 shares. The stock had previously closed at $24.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZK shares. Bank of America dropped their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Macquarie initiated coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target for the company. Finally, CICC Research began coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology presently has an average rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Stock Performance

The company’s 50 day simple moving average is $21.92.

ZEEKR Intelligent Technology (NYSE:ZK) last released its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The business had revenue of $2.76 billion during the quarter. On average, equities research analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -2.2 earnings per share for the current year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Large investors have recently made changes to their positions in the company. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at $4,194,000. Westwood Holdings Group Inc. bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $1,288,000. Marshall Wace LLP bought a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at about $347,000. Sandia Investment Management LP acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter worth about $94,000. Finally, Point72 Asset Management L.P. bought a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth about $20,388,000.

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.