ZOOZ Power’s (ZOOZ) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital reissued their buy rating on shares of ZOOZ Power (NASDAQ:ZOOZ) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $2.00 target price on the stock.

ZOOZ has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZOOZ Power in a research note on Friday, January 9th. Zacks Research raised shares of ZOOZ Power to a “hold” rating in a research report on Friday, January 23rd. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.00.

ZOOZ Power Trading Down 3.3%

NASDAQ ZOOZ opened at $0.29 on Monday. The business’s 50-day moving average price is $0.39 and its 200 day moving average price is $0.83. ZOOZ Power has a twelve month low of $0.29 and a twelve month high of $5.06.

Institutional Investors Weigh In On ZOOZ Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrington Capital Management LLC purchased a new position in shares of ZOOZ Power in the 4th quarter worth about $4,366,000. MMCAP International Inc. SPC purchased a new stake in shares of ZOOZ Power during the 4th quarter worth about $3,066,000. Bank of Montreal Can acquired a new stake in ZOOZ Power during the 4th quarter worth approximately $3,066,000. Pantera Capital Partners LP acquired a new stake in ZOOZ Power during the 4th quarter worth approximately $1,867,000. Finally, Velan Capital Investment Management LP purchased a new position in ZOOZ Power in the third quarter valued at approximately $4,280,000. 38.06% of the stock is currently owned by institutional investors and hedge funds.

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.