ZEEKR Intelligent Technology (NYSE:ZK) Shares Up 1.7% – Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price traded up 1.7% on Wednesday . The stock traded as high as $24.38 and last traded at $22.75. 602,845 shares were traded during trading, a decline of 31% from the average session volume of 875,280 shares. The stock had previously closed at $22.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ZK shares. CICC Research began coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price for the company. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target for the company. Finally, Bank of America decreased their target price on 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ZEEKR Intelligent Technology presently has a consensus rating of “Buy” and an average price target of $32.02.

ZEEKR Intelligent Technology Price Performance

The stock’s fifty day moving average is $23.23 and its two-hundred day moving average is $20.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at about $94,000. Barclays PLC boosted its holdings 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 in the last quarter. Green Alpha Advisors LLC acquired a new position in shares of ZEEKR Intelligent Technology during the third quarter valued at approximately $219,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology during the second quarter worth approximately $347,000. Finally, WT Asset Management Ltd acquired a new stake in ZEEKR Intelligent Technology in the third quarter worth approximately $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.