ZOOZ Power’s (ZOOZ) Buy Rating Reiterated at Chardan Capital

Chardan Capital restated their buy rating on shares of ZOOZ Power (NASDAQ:ZOOZ) in a research report released on Wednesday,Benzinga reports. Chardan Capital currently has a $10.00 price target on the stock.

Several other equities analysts have also commented on the company. Weiss Ratings lowered ZOOZ Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Zacks Research raised shares of ZOOZ Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ZOOZ Power currently has an average rating of “Hold” and a consensus target price of $10.00.

ZOOZ Power Stock Down 12.5%

Shares of NASDAQ ZOOZ opened at $5.93 on Wednesday. ZOOZ Power has a twelve month low of $4.55 and a twelve month high of $101.20. The business has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $6.14.

Institutional Trading of ZOOZ Power

A number of hedge funds have recently bought and sold shares of ZOOZ. Jane Street Group LLC increased its holdings in shares of ZOOZ Power by 347.7% in the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock valued at $40,000 after acquiring an additional 71,311 shares during the period. XTX Topco Ltd lifted its stake in shares of ZOOZ Power by 986.6% during the 4th quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock worth $51,000 after purchasing an additional 105,459 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of ZOOZ Power by 1,122,810.5% during the 3rd quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock worth $457,000 after purchasing an additional 213,334 shares during the last quarter. Pantera Capital Partners LP bought a new stake in ZOOZ Power during the fourth quarter valued at about $1,867,000. Finally, MMCAP International Inc. SPC bought a new stake in ZOOZ Power during the fourth quarter valued at about $3,066,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

About ZOOZ Power

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.