ZOOZ Power (ZOOZ) Expected to Announce Earnings on Wednesday

ZOOZ Power (NASDAQ:ZOOZ) is expected to announce its results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of ($0.3367) per share and revenue of $0.0990 million for the quarter.

ZOOZ Power Stock Down 0.9%

NASDAQ:ZOOZ opened at $0.35 on Wednesday. The stock’s 50-day simple moving average is $0.41 and its 200 day simple moving average is $0.90. ZOOZ Power has a twelve month low of $0.30 and a twelve month high of $5.06.

Institutional Trading of ZOOZ Power

A number of institutional investors and hedge funds have recently modified their holdings of ZOOZ. Bank of America Corp DE increased its position in ZOOZ Power by 1,122,810.5% in the third quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock worth $457,000 after buying an additional 213,334 shares during the last quarter. Velan Capital Investment Management LP bought a new stake in shares of ZOOZ Power during the third quarter valued at about $4,280,000. Bank of Montreal Can purchased a new stake in ZOOZ Power in the 4th quarter worth approximately $3,066,000. Jane Street Group LLC raised its position in shares of ZOOZ Power by 347.7% in the fourth 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 in the last quarter. Finally, Pantera Capital Partners LP purchased a new stake in shares of ZOOZ Power in the 4th quarter valued at about $1,867,000. 38.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZOOZ has been the subject of several research reports. Chardan Capital initiated coverage on shares of ZOOZ Power in a research note on Tuesday, January 20th. They issued a “buy” rating and a $2.00 price objective for the company. Zacks Research upgraded ZOOZ Power to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZOOZ Power in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ZOOZ Power presently has an average rating of “Hold” and an average price target of $2.00.

About ZOOZ Power

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.