Chardan Capital Reaffirms “Buy” Rating for ZOOZ Power (NASDAQ:ZOOZ)

ZOOZ Power (NASDAQ:ZOOZ)‘s stock had its “buy” rating reaffirmed by research analysts at Chardan Capital in a research note issued on Monday,Benzinga reports. They presently have a $2.00 target price on the stock.

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

ZOOZ Power Stock Down 2.3%

NASDAQ:ZOOZ opened at $0.30 on Monday. The company has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.83. ZOOZ Power has a 12 month low of $0.30 and a 12 month high of $5.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZOOZ. Jane Street Group LLC grew its position 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 acquiring an additional 71,311 shares during the period. XTX Topco Ltd raised its holdings in ZOOZ Power by 986.6% in the 4th quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock worth $51,000 after purchasing an additional 105,459 shares during the period. Bank of America Corp DE lifted its position in shares of ZOOZ Power by 1,122,810.5% during the 3rd quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock valued at $457,000 after buying an additional 213,334 shares in the last quarter. Velan Capital Investment Management LP purchased a new position in ZOOZ Power during the third quarter valued at approximately $4,280,000. Finally, Pantera Capital Partners LP bought a new position in shares of ZOOZ Power in the fourth quarter worth approximately $1,867,000. 38.06% of the stock is currently owned by 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.