ZOOZ Power Ltd. (NASDAQ:ZOOZ) Given Consensus Rating of “Hold” by Analysts

Shares of ZOOZ Power Ltd. (NASDAQ:ZOOZ) have received an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.50.

Several brokerages have recently commented on ZOOZ. Chardan Capital started coverage on ZOOZ Power in a report on Tuesday, January 20th. They set a “buy” rating and a $2.00 price objective for the company. Zacks Research upgraded shares of ZOOZ Power to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of ZOOZ Power in a research note on Friday, January 9th.

ZOOZ Power Stock Performance

ZOOZ Power stock opened at $0.38 on Friday. The business has a 50-day simple moving average of $0.44 and a 200 day simple moving average of $1.14. ZOOZ Power has a 52 week low of $0.35 and a 52 week high of $5.06.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZOOZ. XTX Topco Ltd raised its position in ZOOZ Power by 986.6% during the fourth quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock valued at $51,000 after purchasing an additional 105,459 shares in the last quarter. Arrington Capital Management LLC bought a new position in shares of ZOOZ Power during the 4th quarter valued at about $4,366,000. Pantera Capital Partners LP bought a new position in shares of ZOOZ Power during the 4th quarter valued at about $1,867,000. Jane Street Group LLC raised its holdings in shares of ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock valued at $40,000 after buying an additional 71,311 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of ZOOZ Power during the 4th quarter valued at about $3,066,000. 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.