ZEEKR Intelligent Technology (NYSE:ZK) Trading Up 3.4% – Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price was up 3.4% during mid-day trading on Monday . The company traded as high as $23.50 and last traded at $23.17. Approximately 287,958 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 877,246 shares. The stock had previously closed at $22.40.

Wall Street Analysts Forecast Growth

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

ZEEKR Intelligent Technology Trading Up 0.3 %

The business’s 50-day simple moving average is $23.38 and its two-hundred day simple moving average is $20.79.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of large investors have recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after acquiring an additional 2,097 shares during the period. Y Intercept Hong Kong Ltd bought a new position in ZEEKR Intelligent Technology in the 3rd quarter valued at $605,000. Polymer Capital Management HK LTD purchased a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at $3,836,000. HITE Hedge Asset Management LLC increased its holdings in shares of ZEEKR Intelligent Technology by 52.4% in the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after purchasing an additional 16,564 shares during the period. Finally, WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the third quarter worth $446,000.

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.