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ZAPP

Zapp Electric Vehicles Group Limited

https://www.zappev.com

Industry

Auto - Manufacturers

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle. The company was incorporated in 2017 and is based in Bangkok, Thailand, with additional office in Paris, France.

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Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares surged after the company reported improved financial results for the first half of fiscal year 2024 and raised its business outlook. The company reduced its net loss and operating loss compared to the same period in 2023 and expects significant sales growth in the coming years.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 6:41 pm

U.S. stocks traded mixed with the Dow Jones gaining over 300 points. Energy shares rose by 2%, while information technology shares fell by 1.1%. Zapp Electric Vehicles Group shares surged 129% on positive delivery expectations. MGO Global shares rose 66% on acquisition news. Femasys shares increased 29% after receiving CE Mark approval. Tempest Therapeutics, Trevena, and Sonnet BioTherapeutics saw significant declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 6:35 pm

Jabil Inc. (NYSE:JBL) shares fell 7.8% after reporting a 20.2% year-on-year decline in third-quarter revenue, despite beating analyst estimates. The company provided mixed guidance for the fourth quarter. Other stocks moving significantly include MGO Global, Inc. (NASDAQ:MGOL), Griid Infrastructure Inc. (NASDAQ:GRDI), and Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), among others.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 5:26 pm

The article highlights significant intraday movements in consumer discretionary stocks on Thursday. Notable gainers include Allurion Technologies (ALUR), Zapp Electric Vehicles (ZAPP), and MGO Global (MGOL), while significant losers include Kaival Brands Innovations (KAVL), SRIVARU Holding (SVMH), and Visionary Holdings (GV).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

U.S. stocks traded mostly higher with the Dow Jones gaining over 50 points. Accenture shares surged 7% after Q3 results. MGO Global, Zapp Electric Vehicles, and Femasys saw significant gains, while Tempest Therapeutics, Trevena, and Sonnet BioTherapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 4:00 pm

Zapp Electric Vehicles has resumed trading of its shares. This development could impact the stock price in the short term as investors react to the news.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:58 pm

Zapp Electric Vehicles shares have been halted to the upside, with the stock now up by 113.97%.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:54 pm

Zapp EV shares are trading higher following the company's announcement that it expects first customer deliveries of the i300 in Q4 and anticipates selling over 5,000 units by the fiscal year ending September 30, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:37 pm

Zapp EV reported a net loss of $5 million for the first half of the year, an improvement from the $8.6 million loss year-over-year. The company anticipates the first customer deliveries of its i300 model in Q4 and expects to sell over 5,000 units by the fiscal year ending September 30, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:33 pm

The article highlights the intraday movements of several consumer discretionary stocks on Wednesday. Notable gainers include Vacasa, La-Z-Boy, China Liberal Education, Chewy, Volcon, and Lixiang Education Holding. Significant losers include Interactive Strength, Zapp Electric Vehicles, Connexa Sports Techs, Polestar Automotive, Barnes & Noble Education, and Jumia Technologies.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 4:31 pm

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