ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $26.00, but opened at $28.47. ZEEKR Intelligent Technology shares last traded at $28.70, with a volume of 638,341 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ZK shares. CICC Research started coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 price target 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 price objective for the company. Finally, Bank of America reduced their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Stock Performance

The firm has a 50-day moving average of $22.19.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion for the quarter. On average, equities research analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.2 earnings per share for the current year.

Institutional Trading of ZEEKR Intelligent Technology

Hedge funds have recently bought and sold shares of the business. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at $94,000. Green Alpha Advisors LLC acquired a new stake in ZEEKR Intelligent Technology in the 3rd quarter valued at $219,000. Marshall Wace LLP purchased a new position in ZEEKR Intelligent Technology during the 2nd quarter worth $347,000. WT Asset Management Ltd purchased a new position in ZEEKR Intelligent Technology during the 3rd quarter worth $446,000. Finally, Renaissance Capital LLC boosted its holdings in ZEEKR Intelligent Technology by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock worth $506,000 after acquiring an additional 3,789 shares during the last quarter.

ZEEKR Intelligent Technology Company Profile

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.