ZEEKR Intelligent Technology (NYSE:ZK) Sees Unusually-High Trading Volume – Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) saw strong trading volume on Monday . 695,101 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 866,122 shares.The stock last traded at $28.64 and had previously closed at $25.99.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZK. Bank of America decreased their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price for the company. Finally, Macquarie began coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $32.02.

ZEEKR Intelligent Technology Stock Performance

The business has a 50-day moving average of $24.32 and a two-hundred day moving average of $20.62.

Institutional Trading of ZEEKR Intelligent Technology

A number of institutional investors have recently made changes to their positions in ZK. Prudential PLC purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $4,194,000. Westwood Holdings Group Inc. acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $1,288,000. Marshall Wace LLP acquired a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $347,000. Sandia Investment Management LP purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at $94,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $20,388,000.

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.