ZEEKR Intelligent Technology (NYSE:ZK) Trading 1.7% Higher – Should You Buy?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) traded up 1.7% on Wednesday . The stock traded as high as $24.38 and last traded at $22.75. 602,845 shares changed hands during trading, a decline of 31% from the average session volume of 875,280 shares. The stock had previously closed at $22.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. CICC Research initiated 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 initiated coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price objective for the company. Finally, Bank of America reduced their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.02.

ZEEKR Intelligent Technology Trading Up 0.4 %

The company has a 50 day moving average price of $23.50 and a 200 day moving average price of $20.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ZK. Prudential PLC acquired a new position in ZEEKR Intelligent Technology during the second quarter worth $4,194,000. Westwood Holdings Group Inc. acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $347,000. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the second quarter valued at $20,388,000.

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.