Zapp Electric Vehicles Group (NASDAQ:ZAPP) Trading Down 0.8% – Should You Sell?

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares traded down 0.8% during trading on Monday . The stock traded as low as $0.59 and last traded at $0.59. 246,377 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,236,088 shares. The stock had previously closed at $0.59.

Analysts Set New Price Targets

Separately, Maxim Group reduced their price target on shares of Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Zapp Electric Vehicles Group Stock Down 0.8 %

The business’s 50 day moving average is $0.79 and its 200-day moving average is $1.44.

Hedge Funds Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC purchased a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.41% of Zapp Electric Vehicles Group as of its most recent SEC filing.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.