ZEEKR Intelligent Technology (NYSE:ZK) Reaches New 52-Week High – Still a Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $32.25 and last traded at $31.84, with a volume of 480026 shares trading hands. The stock had previously closed at $29.73.

Wall Street Analyst Weigh In

ZK has been the topic of a number of research analyst reports. CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 price target on the stock. Macquarie initiated 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Stock Up 8.9 %

The stock has a fifty day moving average price of $25.34 and a 200 day moving average price of $21.01.

Institutional Trading of ZEEKR Intelligent Technology

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of 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 purchasing an additional 2,097 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter worth $605,000. Polymer Capital Management HK LTD acquired a new position in ZEEKR Intelligent Technology during the third quarter worth $3,836,000. HITE Hedge Asset Management LLC increased its position in shares of ZEEKR Intelligent Technology by 52.4% in the third 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 in the last quarter. Finally, WT Asset Management Ltd purchased a new stake in ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $446,000.

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.