ZEEKR Intelligent Technology (NYSE:ZK) Trading Up 5.8% – Here’s What Happened

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares were up 5.8% during trading on Monday . The company traded as high as $22.26 and last traded at $21.51. Approximately 367,498 shares traded hands during trading, a decline of 58% from the average daily volume of 874,293 shares. The stock had previously closed at $20.34.

Analysts Set New Price Targets

Several equities analysts have commented on the company. CICC Research initiated coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price target for the company. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Bank of America reduced 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Stock Performance

The stock’s 50 day moving average is $22.39.

ZEEKR Intelligent Technology (NYSE:ZK) last released its quarterly earnings results 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. As a group, equities analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZK. Point72 Hong Kong Ltd acquired a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter worth about $31,236,000. Point72 Asset Management L.P. acquired a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $20,388,000. Millennium Management LLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth about $17,478,000. Prudential PLC bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $4,194,000. Finally, Polymer Capital Management HK LTD bought a new stake in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at $3,836,000.

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.