ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $22.36, but opened at $23.28. ZEEKR Intelligent Technology shares last traded at $23.89, with a volume of 144,941 shares changing hands.

Wall Street Analyst Weigh In

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

ZEEKR Intelligent Technology Stock Performance

The firm’s 50-day moving average is $23.23 and its 200-day moving average is $20.78.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Prudential PLC purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $4,194,000. Westwood Holdings Group Inc. bought a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at $1,288,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at about $347,000. Sandia Investment Management LP bought a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at about $94,000. Finally, Point72 Asset Management L.P. purchased a new position in ZEEKR Intelligent Technology in the second quarter worth about $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.