Maxim Group Has Lowered Expectations for Zapp Electric Vehicles Group (NASDAQ:ZAPP) Stock Price

Zapp Electric Vehicles Group (NASDAQ:ZAPP) had its price target decreased by analysts at Maxim Group from $7.00 to $3.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price would suggest a potential upside of 222.58% from the company’s previous close.

Separately, BNP Paribas raised Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Tuesday, October 8th.

Zapp Electric Vehicles Group Stock Down 5.6 %

Shares of ZAPP opened at $0.93 on Monday. The stock’s 50 day moving average is $1.34 and its two-hundred day moving average is $3.19. Zapp Electric Vehicles Group has a twelve month low of $0.70 and a twelve month high of $19.10.

Institutional Investors Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC bought a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission.

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.