ZEEKR Intelligent Technology (NYSE:ZK) Sees Strong Trading Volume – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) saw an uptick in trading volume on Monday . 695,101 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 866,122 shares.The stock last traded at $28.64 and had previously closed at $25.99.

Wall Street Analysts Forecast Growth

ZK has been the topic of a number of research reports. Bank of America lowered 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 assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target on the stock. Finally, CICC Research began coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology has an average rating of “Buy” and a consensus target price of $32.02.

ZEEKR Intelligent Technology Stock Down 4.3 %

The stock’s fifty day moving average price is $24.47 and its 200 day moving average price is $20.64.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $31,236,000. WT Asset Management Ltd purchased a new stake in ZEEKR Intelligent Technology during the third quarter valued at about $446,000. Point72 Asset Management L.P. bought a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at about $20,388,000. Westwood Holdings Group Inc. purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $1,288,000. Finally, Prudential PLC purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $4,194,000.

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.