ZOOZ Power (NASDAQ:ZOOZ) Stock Price Down 4.9% – Here’s Why

ZOOZ Power Ltd. (NASDAQ:ZOOZ) traded down 4.9% during trading on Wednesday . The stock traded as low as $1.45 and last traded at $1.55. 275,443 shares were traded during trading, a decline of 59% from the average session volume of 679,737 shares. The stock had previously closed at $1.63.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZOOZ. Wall Street Zen downgraded shares of ZOOZ Power to a “strong sell” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of ZOOZ Power in a research note on Tuesday, October 14th. Finally, Maxim Group downgraded ZOOZ Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

ZOOZ Power Stock Performance

The stock’s 50-day moving average is $2.02 and its two-hundred day moving average is $1.61.

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.