ZEEKR Intelligent Technology (NYSE:ZK) Trading 0.2% Higher – Still a Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price traded up 0.2% during trading on Tuesday . The stock traded as high as $24.46 and last traded at $24.01. 212,234 shares changed hands during trading, a decline of 76% from the average session volume of 870,286 shares. The stock had previously closed at $23.96.

Wall Street Analyst Weigh In

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

ZEEKR Intelligent Technology Stock Up 0.9 %

The stock’s fifty day moving average price is $23.79 and its two-hundred day moving average price is $20.66.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new position in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $31,236,000. Point72 Asset Management L.P. purchased a new position in ZEEKR Intelligent Technology in the 2nd quarter worth about $20,388,000. Westwood Holdings Group Inc. purchased a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $1,288,000. WT Asset Management Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the third quarter valued at approximately $446,000. Finally, Prudential PLC bought a new position in ZEEKR Intelligent Technology during the second quarter valued at approximately $4,194,000.

About ZEEKR Intelligent Technology

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.