ZOOZ Power (NASDAQ:ZOOZ) Stock Price Down 13.6% – Time to Sell?

Shares of ZOOZ Power Ltd. (NASDAQ:ZOOZ) traded down 13.6% during trading on Thursday. The company traded as low as $5.00 and last traded at $5.1830. Approximately 8,097 shares changed hands during trading, a decline of 39% from the average daily volume of 13,206 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

ZOOZ has been the subject of several research reports. Weiss Ratings raised ZOOZ Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, October 26th. Chardan Capital reaffirmed a “buy” rating and set a $10.00 target price on shares of ZOOZ Power in a research report on Wednesday, August 26th. Finally, Zacks Research upgraded shares of ZOOZ Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

ZOOZ Power Price Performance

The business has a 50 day moving average of $6.78 and a 200 day moving average of $6.48.

ZOOZ Power Company Profile

ZOOZ Power Ltd. (NASDAQ: ZOOZ) is an Israeli energy technology company that develops high-power energy storage systems based on kinetic, flywheel-based technology. Its systems are designed to store and deliver electricity rapidly, supporting applications that require frequent charging and discharging without relying on conventional electrochemical batteries.

The company’s products are intended primarily for electric vehicle charging infrastructure. Its energy storage systems can help provide high-power charging where the local electrical grid has limited capacity, while also supporting grid stability, power quality, and other short-duration energy management applications.