ZEEKR Intelligent Technology Holding Limited’s Quiet Period Set To End on June 19th (NYSE:ZK)

ZEEKR Intelligent Technology’s (NYSE:ZK) quiet period is set to end on Wednesday, June 19th. ZEEKR Intelligent Technology had issued 21,000,000 shares in its initial public offering on May 10th. The total size of the offering was $441,000,000 based on an initial share price of $21.00. During ZEEKR Intelligent Technology’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZK. Bank of America raised their price objective on shares of ZEEKR Intelligent Technology from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, June 6th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of ZEEKR Intelligent Technology in a research report on Tuesday, June 4th. They issued a “buy” rating and a $34.00 price objective for the company.

ZEEKR Intelligent Technology Stock Down 1.5 %

ZK stock opened at $21.06 on Friday. ZEEKR Intelligent Technology has a 12-month low of $20.26 and a 12-month high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings results on Tuesday, June 11th. The company reported ($1.40) earnings per share (EPS) for the quarter. The firm had revenue of $2.04 billion for the quarter. As a group, equities analysts forecast that ZEEKR Intelligent Technology will post -1.89 EPS for the current year.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited is a battery electric vehicle technology company. Its current product portfolio primarily includes ZEEKR 001, a five-seater, cross-over hatchback; ZEEKR 001 FR, cross-over hatchback; ZEEKR 009, a luxury six-seater MPV; ZEEKR X, a compact SUV and an upscale sedan model.