Benchmark Reiterates “Speculative Buy” Rating for ZOOZ Power (NASDAQ:ZOOZ)

ZOOZ Power (NASDAQ:ZOOZ)‘s stock had its “speculative buy” rating restated by stock analysts at Benchmark in a report released on Friday,Benzinga reports. They currently have a $5.00 target price on the stock. Benchmark’s target price indicates a potential upside of 163.16% from the company’s previous close.

ZOOZ Power Price Performance

NASDAQ ZOOZ opened at $1.90 on Friday. The stock has a fifty day moving average of $2.15 and a 200-day moving average of $2.33. ZOOZ Power has a 52 week low of $1.25 and a 52 week high of $4.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZOOZ Power stock. Jane Street Group LLC acquired a new position in ZOOZ Power Ltd. (NASDAQ:ZOOZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power as of its most recent SEC filing. Institutional investors own 38.06% of the company’s stock.

About ZOOZ Power

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited.