ZOOZ Power (NASDAQ:ZOOZ) Shares Gap Down – Time to Sell?

by · The Markets Daily

ZOOZ Power Ltd. (NASDAQ:ZOOZ – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $6.08, but opened at $5.58. ZOOZ Power shares last traded at $6.0690, with a volume of 14,506 shares traded.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Chardan Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of ZOOZ Power in a research note on Monday, March 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZOOZ Power in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.00.

Get Our Latest Research Report on ZOOZ

ZOOZ Power Stock Up 7.4%

The firm has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $8.07.

Hedge Funds Weigh In On ZOOZ Power

Several institutional investors have recently bought and sold shares of ZOOZ. Jane Street Group LLC raised its position in ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock worth $40,000 after buying an additional 71,311 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of ZOOZ Power by 986.6% in the fourth quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock valued at $51,000 after acquiring an additional 105,459 shares in the last quarter. Bank of America Corp DE increased its stake in shares of ZOOZ Power by 1,122,810.5% during the third quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock worth $457,000 after acquiring an additional 213,334 shares during the period. Velan Capital Investment Management LP purchased a new position in ZOOZ Power during the third quarter worth about $4,280,000. Finally, Pantera Capital Partners LP acquired a new stake in ZOOZ Power in the fourth quarter valued at about $1,867,000. 38.06% of the stock is owned by institutional investors and hedge funds.

ZOOZ Power Company Profile

(Get Free Report)

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.

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