ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – What’s Next?

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped up before the market opened on Tuesday . The stock had previously closed at $28.65, but opened at $29.50. ZEEKR Intelligent Technology shares last traded at $29.00, with a volume of 114,937 shares.

ZEEKR Intelligent Technology Price Performance

The firm has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $25.40. The firm has a market cap of $7.34 billion and a P/E ratio of -9.93.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its earnings results on Thursday, May 15th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.08) by $4.69. The firm had revenue of $3.03 billion for the quarter. On average, equities analysts predict that ZEEKR Intelligent Technology Holding Limited will post -1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. bought a new stake in shares of ZEEKR Intelligent Technology during the fourth quarter worth about $341,000. Quantbot Technologies LP bought a new stake in ZEEKR Intelligent Technology during the 4th quarter worth approximately $86,000. Barclays PLC raised its stake 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 purchasing an additional 2,097 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $768,000. Finally, Renaissance Capital LLC boosted its position in shares of ZEEKR Intelligent Technology by 119.0% during the fourth quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock valued at $1,410,000 after buying an additional 27,001 shares during the last quarter.

About ZEEKR Intelligent Technology

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.