ZEEKR Intelligent Technology (NYSE:ZK) Sees Unusually-High Trading Volume

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares saw unusually-strong trading volume on Wednesday . Approximately 845,276 shares traded hands during trading, an increase of 26% from the previous session’s volume of 670,629 shares.The stock last traded at $26.61 and had previously closed at $24.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ZK shares. The Goldman Sachs Group initiated coverage on shares of ZEEKR Intelligent Technology in a research report on Tuesday, June 4th. They set a “buy” rating and a $34.00 price objective for the company. Bank of America reduced their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Citigroup initiated coverage on shares of ZEEKR Intelligent Technology in a report on Monday, June 24th. They set a “buy” rating and a $32.40 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, June 6th. They set a “buy” rating and a $35.00 price target on the stock.

ZEEKR Intelligent Technology Trading Up 5.2 %

The company has a fifty day moving average of $16.56.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 billion for the quarter. On average, analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently modified their holdings of the stock. Sandia Investment Management LP acquired a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at $94,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology during the second quarter worth approximately $347,000. HITE Hedge Asset Management LLC purchased a new stake in ZEEKR Intelligent Technology in the second quarter valued at approximately $596,000. Westwood Holdings Group Inc. purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth approximately $1,288,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth approximately $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.