ZOOZ Power (NASDAQ:ZOOZ) Trading Down 0.6% – Here’s What Happened

ZOOZ Power Ltd. (NASDAQ:ZOOZ)’s share price was down 0.6% during mid-day trading on Wednesday . The company traded as low as $1.57 and last traded at $1.61. Approximately 125,316 shares were traded during trading, a decline of 66% from the average daily volume of 370,192 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Separately, Maxim Group downgraded shares of ZOOZ Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

ZOOZ Power Price Performance

The business’s 50-day simple moving average is $1.50 and its two-hundred day simple moving average is $1.53.

Institutional Trading of ZOOZ Power

An institutional investor recently bought a new position in ZOOZ Power stock. Jane Street Group LLC purchased a new stake in shares of ZOOZ Power Ltd. (NASDAQ:ZOOZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power at the end of the most recent quarter. 38.06% of the stock is currently owned by institutional investors.

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.