ZEEKR Intelligent Technology (NYSE:ZK) Shares Down 3.7% – Here’s What Happened

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares traded down 3.7% on Friday . The stock traded as low as $21.12 and last traded at $21.28. 287,692 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 876,688 shares. The stock had previously closed at $22.10.

Wall Street Analyst Weigh In

ZK has been the subject of several research reports. CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective for the company. Bank of America dropped their price target on 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. Finally, Macquarie began coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Trading Up 1.4 %

The company has a 50 day moving average price of $22.95.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion during the quarter. As a group, analysts predict that ZEEKR Intelligent Technology Holding Limited will post -1.79 EPS for the current year.

Institutional Trading of ZEEKR Intelligent Technology

Large investors have recently made changes to their positions in the stock. Sandia Investment Management LP purchased a new position in ZEEKR Intelligent Technology during the 2nd quarter worth $94,000. Barclays PLC increased its position in ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares during the period. Green Alpha Advisors LLC bought a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at about $219,000. Marshall Wace LLP purchased a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter worth approximately $347,000. Finally, WT Asset Management Ltd bought a new position in shares of ZEEKR Intelligent Technology during the third quarter valued at approximately $446,000.

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.