ZOOZ Power (NASDAQ:ZOOZ) Now Covered by Analysts at Chardan Capital

Chardan Capital assumed coverage on shares of ZOOZ Power (NASDAQ:ZOOZ) in a research note released on Tuesday,Benzinga reports. The firm issued a buy rating and a $2.00 price objective on the stock.

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

ZOOZ Power Trading Down 4.4%

Shares of ZOOZ stock opened at $0.50 on Tuesday. ZOOZ Power has a fifty-two week low of $0.37 and a fifty-two week high of $5.06. The stock has a 50 day moving average price of $0.49 and a two-hundred day moving average price of $1.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ZOOZ Power stock. Bank of America Corp DE lifted its stake in ZOOZ Power Ltd. (NASDAQ:ZOOZ) by 1,122,810.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 1.77% of ZOOZ Power worth $457,000 as of its most recent SEC filing. 38.06% of the stock is owned by hedge funds and other 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. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.