ZEEKR Intelligent Technology (NYSE:ZK) Trading Up 0.2% – What’s Next?

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

Analysts Set New Price Targets

ZK has been the subject of several recent analyst reports. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 target price for the company. Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Bank of America decreased their price objective 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, August 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.02.

ZEEKR Intelligent Technology Price Performance

The stock has a 50-day moving average of $23.79 and a 200-day moving average of $20.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ZK. Barclays PLC lifted its position in shares of ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after buying an additional 2,097 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the third quarter worth approximately $605,000. Polymer Capital Management HK LTD acquired a new position in shares of ZEEKR Intelligent Technology in the third quarter valued at approximately $3,836,000. HITE Hedge Asset Management LLC boosted its stake in ZEEKR Intelligent Technology by 52.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock valued at $1,074,000 after purchasing an additional 16,564 shares during the period. Finally, WT Asset Management Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the third quarter valued at about $446,000.

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.