ZEEKR Intelligent Technology (NYSE:ZK) Reaches New 52-Week High – Here’s Why

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.25 and last traded at $31.84, with a volume of 480026 shares changing hands. The stock had previously closed at $29.73.

Wall Street Analyst Weigh In

ZK has been the topic of several analyst reports. Macquarie began coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price on the stock. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Trading Down 9.6 %

The stock’s 50-day moving average is $25.70 and its two-hundred day moving average is $21.12.

Institutional Trading of ZEEKR Intelligent Technology

A number of hedge funds have recently bought and sold shares of ZK. Sandia Investment Management LP bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $94,000. Barclays PLC boosted its holdings in shares of ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in ZEEKR Intelligent Technology during the third quarter valued at approximately $219,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Finally, WT Asset Management Ltd purchased a new stake in 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.