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

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) saw strong trading volume on Thursday . 886,737 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 832,078 shares.The stock last traded at $23.87 and had previously closed at $29.14.

Analyst Ratings Changes

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

ZEEKR Intelligent Technology Trading Down 8.5 %

The business’s 50-day moving average is $22.29.

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 firm had revenue of $2.76 billion for the quarter. As a group, sell-side analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Prudential PLC bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at about $4,194,000. Westwood Holdings Group Inc. bought a new position in ZEEKR Intelligent Technology during the second quarter worth about $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Sandia Investment Management LP acquired a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth approximately $94,000. Finally, Point72 Asset Management L.P. bought a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter worth approximately $20,388,000.

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.