ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Down to $25.95

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped down before the market opened on Thursday . The stock had previously closed at $25.95, but opened at $24.75. ZEEKR Intelligent Technology shares last traded at $25.40, with a volume of 396,369 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Monday, June 24th. They issued a “buy” rating and a $32.40 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Bank of America reduced their target price on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 22nd.

ZEEKR Intelligent Technology Trading Down 2.5 %

The stock has a 50 day moving average of $16.73.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The business had revenue of $2.76 billion during the quarter. As a group, analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.31 EPS for the current year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of hedge funds have recently made changes to their positions in ZK. Sandia Investment Management LP acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth $94,000. Marshall Wace LLP bought a new position in ZEEKR Intelligent Technology during the second quarter worth $347,000. HITE Hedge Asset Management LLC acquired a new position in ZEEKR Intelligent Technology in the second quarter worth $596,000. Westwood Holdings Group Inc. bought a new stake in ZEEKR Intelligent Technology during the second quarter valued at $1,288,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $1,319,000.

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.