ZOOZ Power’s (ZOOZ) Buy Rating Reaffirmed at Chardan Capital

Chardan Capital restated their buy rating on shares of ZOOZ Power (NASDAQ:ZOOZ) in a report issued on Monday,Benzinga reports. They currently have a $2.00 target price on the stock.

A number of other research firms have also recently commented on ZOOZ. Weiss Ratings reissued a “sell (d-)” rating on shares of ZOOZ Power in a research report on Friday, January 9th. Zacks Research raised shares of ZOOZ Power to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.00.

ZOOZ Power Stock Performance

NASDAQ ZOOZ opened at $0.31 on Monday. ZOOZ Power has a fifty-two week low of $0.30 and a fifty-two week high of $5.06. The business has a 50 day moving average price of $0.40 and a two-hundred day moving average price of $0.85.

Institutional Investors Weigh In On ZOOZ Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of ZOOZ Power by 1,122,810.5% in the 3rd quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock valued at $457,000 after purchasing an additional 213,334 shares in the last quarter. Velan Capital Investment Management LP acquired a new stake in shares of ZOOZ Power during the third quarter worth approximately $4,280,000. MMCAP International Inc. SPC acquired a new stake in shares of ZOOZ Power during the fourth quarter worth approximately $3,066,000. Bank of Montreal Can bought a new stake in shares of ZOOZ Power in the fourth quarter worth $3,066,000. Finally, Jane Street Group LLC increased its stake 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 during the last quarter. 38.06% of the stock is currently owned by hedge funds and other institutional investors.

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.