ZEEKR Intelligent Technology (NYSE:ZK) Releases Earnings Results

ZEEKR Intelligent Technology (NYSE:ZK) announced its earnings results on Wednesday. The company reported ($1.31) earnings per share (EPS) for the quarter, reports. The company had revenue of $2.76 billion during the quarter.

ZEEKR Intelligent Technology Stock Performance

ZK stock traded down $1.04 during mid-day trading on Friday, hitting $17.00. The company had a trading volume of 490,811 shares, compared to its average volume of 425,902. ZEEKR Intelligent Technology has a 12 month low of $13.00 and a 12 month high of $32.24. The firm’s fifty day moving average is $17.90.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZK. The Goldman Sachs Group assumed coverage on shares of ZEEKR Intelligent Technology in a report on Tuesday, June 4th. They set a “buy” rating and a $34.00 price objective on the stock. Bank of America cut their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Citigroup began coverage on ZEEKR Intelligent Technology in a research note on Monday, June 24th. They issued a “buy” rating and a $32.40 target price on the stock.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Large investors have recently modified their holdings of the stock. Sandia Investment Management LP bought a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at about $94,000. Marshall Wace LLP purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $347,000. HITE Hedge Asset Management LLC bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $596,000. Westwood Holdings Group Inc. purchased a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $1,288,000. Finally, Squarepoint Ops LLC bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $1,561,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited is a battery electric vehicle technology company. Its current product portfolio primarily includes ZEEKR 001, a five-seater, cross-over hatchback; ZEEKR 001 FR, cross-over hatchback; ZEEKR 009, a luxury six-seater MPV; ZEEKR X, a compact SUV and an upscale sedan model.