ZOOZ Power (NASDAQ:ZOOZ) Coverage Initiated at Chardan Capital

Equities researchers at Chardan Capital initiated coverage on shares of ZOOZ Power (NASDAQ:ZOOZ) in a research report issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $2.00 price target on the stock. Chardan Capital’s target price indicates a potential upside of 284.62% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZOOZ Power in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.50.

ZOOZ Power Stock Up 4.8%

ZOOZ stock opened at $0.52 on Tuesday. ZOOZ Power has a fifty-two week low of $0.37 and a fifty-two week high of $5.06. The business has a 50-day moving average of $0.50 and a 200-day moving average of $1.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ZOOZ Power stock. Bank of America Corp DE boosted its position in ZOOZ Power Ltd. (NASDAQ:ZOOZ) by 1,122,810.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 213,353 shares of the company’s stock after purchasing an additional 213,334 shares during the period. Bank of America Corp DE owned about 1.77% of ZOOZ Power worth $457,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 38.06% of the company’s stock.

ZOOZ Power Company Profile

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. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.