ZOOZ Power (NASDAQ:ZOOZ) Given Speculative Buy Rating at Benchmark

ZOOZ Power (NASDAQ:ZOOZ)‘s stock had its “speculative buy” rating reiterated by Benchmark in a research note issued on Friday,Benzinga reports. They currently have a $5.00 price objective on the stock. Benchmark’s target price suggests a potential upside of 159.74% from the company’s previous close.

ZOOZ Power Stock Down 2.0 %

ZOOZ Power stock opened at $1.93 on Friday. The stock’s 50 day moving average is $2.16 and its 200 day moving average is $2.33. ZOOZ Power has a one year low of $1.25 and a one year high of $4.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZOOZ Power stock. Jane Street Group LLC acquired a new position in ZOOZ Power Ltd. (NASDAQ:ZOOZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned about 0.11% of ZOOZ Power as of its most recent SEC filing. 38.06% of the stock is currently owned by hedge funds and other institutional investors.

ZOOZ Power Company Profile

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited.