ZEEKR Intelligent Technology (NYSE:ZK) Shares Down 3.7% – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was down 3.7% during trading on Friday . The stock traded as low as $21.12 and last traded at $21.28. Approximately 287,692 shares traded hands during trading, a decline of 67% from the average daily volume of 876,688 shares. The stock had previously closed at $22.10.

Analyst Ratings Changes

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

ZEEKR Intelligent Technology Trading Up 1.4 %

The company has a fifty day simple moving average of $22.95.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The business had revenue of $2.76 billion during the quarter. Analysts predict that ZEEKR Intelligent Technology Holding Limited will post -1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares during the last quarter. Renaissance Capital LLC lifted its position in ZEEKR Intelligent Technology by 20.0% during the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock valued at $506,000 after purchasing an additional 3,789 shares during the period. Sandia Investment Management LP purchased a new stake in ZEEKR Intelligent Technology in the second quarter valued at $94,000. Green Alpha Advisors LLC acquired a new stake in ZEEKR Intelligent Technology during the 3rd quarter worth about $219,000. Finally, HITE Hedge Asset Management LLC lifted its holdings in shares of ZEEKR Intelligent Technology by 52.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock valued at $1,074,000 after buying an additional 16,564 shares during the period.

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.