Zim Integrated Shipping Services Ltd (ZIM) Volatility Spurs A Quest For Clarity

Currently, there are 120.15M common shares owned by the public and among those 95.33M shares have been available to trade.

However, the script later moved the day high at 13.34, down -5.61%. The company’s stock has a 5-day price change of -16.12% and 57.67% over the past three months. ZIM shares are trading 26.04% year to date (YTD), with the 12-month market performance down to -45.56% 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 7.84 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 -8.71%, 14.82%, and 3.24% respectively.

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Institutional ownership of Zim Integrated Shipping Services Ltd (NYSE: ZIM) shares accounts for 16.78% of the company’s 120.15M shares outstanding.

It has a market capitalization of $1.50B and a beta (3y monthly) value of 1.93. 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 10.12% over the week and 8.66% over the month.

Analysts forecast that Zim Integrated Shipping Services Ltd (ZIM) will achieve an EPS of $Zoom Video Communications, Inc. for the current quarter, $63.60 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Zomedica Corp. while analysts give the company a high EPS estimate of $Chimera Investment Corporation. Comparatively, EPS for the current quarter was $ZoomInfo Technologies Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -159.76%, and 88.15% over the next financial year.

Looking at the support for the ZIM, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on January 29, 2024, with the firm’s price target at $14-$20.

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