U Power Limited (NASDAQ:UCAR – Get Free Report) shares traded up 7.1% during trading on Thursday . The stock traded as high as $1.21 and last traded at $1.21. Approximately 85,100 shares traded hands during trading, a decline of 77% from the average daily volume of 365,222 shares. The stock had previously closed at $1.13.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. Wall Street Zen cut U Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.00.
Check Out Our Latest Research Report on U Power
U Power Price Performance
Institutional Inflows and Outflows
An institutional investor recently raised its position in U Power stock. Sabby Management LLC lifted its position in U Power Limited (NASDAQ:UCAR – Free Report) by 3,943.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,260 shares of the company’s stock after purchasing an additional 234,318 shares during the quarter. U Power comprises 0.6% of Sabby Management LLC’s holdings, making the stock its 11th largest position. Sabby Management LLC owned approximately 5.44% of U Power worth $485,000 at the end of the most recent quarter. Institutional investors own 13.21% of the company’s stock.
About U Power
U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.
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