Zim Integrated Shipping Services Ltd (NYSE: ZIM) Is Getting Increasingly Hard To Ignore

With over 20.07 million Zim Integrated Shipping Services Ltd (ZIM) shares trading Friday and a closing price of $13.46 on the day, the dollar volume was approximately $270.21 million. The shares have shown a positive half year performance of 5.65% and its price on 01/12/24 lost nearly -1.90%. Currently, there are 120.15M common shares owned by the public and among those 95.33M shares have been available to trade.

Shares of Zim Integrated Shipping Services Ltd (NYSE: ZIM) opened at $15.00, up $1.28 from a prior closing price of $13.72. The company’s stock has a 5-day price change of -7.75% and 47.43% over the past three months. ZIM shares are trading 36.37% year to date (YTD), with the 12-month market performance down to -22.73% lower. It has a 12-month low price of $6.39 and touched a high of $25.12 over the same period. ZIM has an average intraday trading volume of 5.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.45%, 52.01%, and 6.58% respectively.

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Institutional ownership of Zim Integrated Shipping Services Ltd (NYSE: ZIM) shares accounts for 19.09% of the company’s 120.15M shares outstanding.

It has a market capitalization of $1.62B and a beta (3y monthly) value of 1.88. The earnings-per-share (ttm) stands at -$17.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.26% over the week and 10.45% over the month.

Analysts forecast that Zim Integrated Shipping Services Ltd (ZIM) will achieve an EPS of -$1.29 for the current quarter, -$1.07 for the next quarter and -$3.87 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.94 while analysts give the company a high EPS estimate of -$0.5. Comparatively, EPS for the current quarter was $3.44 a year ago. Earnings per share for the fiscal year are expected to decrease by -159.76%, and 81.78% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Zim Integrated Shipping Services Ltd (ZIM) as a “Hold” at a consensus score of 3.43. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 5 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”

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