ZOOZ Power (NASDAQ:ZOOZ) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of ZOOZ Power (NASDAQ:ZOOZ) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts also recently weighed in on ZOOZ. Chardan Capital decreased their price target on shares of ZOOZ Power from $40.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Weiss Ratings upgraded shares of ZOOZ Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ZOOZ Power presently has an average rating of “Hold” and a consensus target price of $10.00.

ZOOZ Power Stock Performance

Shares of ZOOZ Power stock opened at $5.35 on Tuesday. The company’s 50 day moving average is $5.35 and its 200 day moving average is $6.38. ZOOZ Power has a twelve month low of $4.55 and a twelve month high of $101.20.

Institutional Trading of ZOOZ Power

Institutional investors have recently bought and sold shares of the stock. Arrington Capital Management LLC bought a new position in ZOOZ Power during the fourth quarter valued at $4,366,000. MMCAP International Inc. SPC purchased a new position in shares of ZOOZ Power during the 4th quarter worth about $3,066,000. Bank of Montreal Can bought a new position in ZOOZ Power during the 4th quarter valued at about $3,066,000. Pantera Capital Partners LP purchased a new stake in ZOOZ Power in the 4th quarter worth about $1,867,000. Finally, Velan Capital Investment Management LP purchased a new position in shares of ZOOZ Power during the third quarter valued at approximately $4,280,000. 38.06% of the stock is currently owned by institutional investors.

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.