ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up to $16.48

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares gapped up before the market opened on Tuesday . The stock had previously closed at $16.48, but opened at $17.50. ZEEKR Intelligent Technology shares last traded at $18.08, with a volume of 234,307 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZK shares. Deutsche Bank Aktiengesellschaft began coverage on ZEEKR Intelligent Technology in a report on Thursday, June 6th. They issued a “buy” rating and a $35.00 price target for the company. Citigroup initiated coverage on shares of ZEEKR Intelligent Technology in a report on Monday, June 24th. They issued a “buy” rating and a $32.40 price target for the company. The Goldman Sachs Group started coverage on ZEEKR Intelligent Technology in a research report on Tuesday, June 4th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Bank of America dropped their price target on 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.

ZEEKR Intelligent Technology Price Performance

The firm has a 50-day simple moving average of $16.30.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The business had revenue of $2.76 billion for the quarter. Analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several large investors have recently modified their holdings of ZK. Point72 Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology during the second quarter worth about $31,236,000. Point72 Asset Management L.P. purchased a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at $20,388,000. Millennium Management LLC purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth $17,478,000. Prudential PLC purchased a new stake in ZEEKR Intelligent Technology during the second quarter valued at about $4,194,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in ZEEKR Intelligent Technology during the second quarter worth about $2,736,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited is a battery electric vehicle technology company. Its current product portfolio primarily includes ZEEKR 001, a five-seater, cross-over hatchback; ZEEKR 001 FR, cross-over hatchback; ZEEKR 009, a luxury six-seater MPV; ZEEKR X, a compact SUV and an upscale sedan model.