ZEEKR Intelligent Technology (NYSE:ZK) Issues Earnings Results

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

ZEEKR Intelligent Technology Trading Down 5.8 %

NYSE:ZK traded down $1.04 during midday trading on Friday, reaching $17.00. The stock had a trading volume of 490,811 shares, compared to its average volume of 425,902. ZEEKR Intelligent Technology has a 1-year low of $13.00 and a 1-year high of $32.24. The business has a fifty day moving average price of $17.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $31,236,000. Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $20,388,000. Millennium Management LLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $17,478,000. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $4,194,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $2,736,000.

Wall Street Analysts Forecast Growth

ZK has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They set a “buy” rating and a $35.00 price target on the stock. Citigroup initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Monday, June 24th. They set a “buy” rating and a $32.40 price target on the stock. The Goldman Sachs Group initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Tuesday, June 4th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Bank of America dropped 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 research note on Thursday.

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.