ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Down 5.7% – Should You Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $24.21 and last traded at $24.52. 360,525 shares were traded during trading, a decline of 51% from the average session volume of 741,252 shares. The stock had previously closed at $26.01.

Wall Street Analyst Weigh In

Several research analysts recently commented on ZK shares. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target on the stock. Bank of America reduced their target price 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, August 22nd. Finally, Citigroup began coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They issued a “buy” rating and a $32.40 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.08.

ZEEKR Intelligent Technology Trading Down 2.2 %

The company has a 50-day simple moving average of $17.60.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The business had revenue of $2.76 billion for the quarter. Research analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at $94,000. Green Alpha Advisors LLC acquired a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at about $219,000. Marshall Wace LLP acquired a new position in ZEEKR Intelligent Technology in the second quarter worth about $347,000. HITE Hedge Asset Management LLC acquired a new position in ZEEKR Intelligent Technology in the second quarter worth about $596,000. Finally, Westwood Holdings Group Inc. bought a new stake in ZEEKR Intelligent Technology in the second quarter valued at about $1,288,000.

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.