Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Wednesday at a closing price of $12.46, with 4.25 million shares of worth about $52.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.27% during that period and on Wednesday the price saw a loss of about -1.66%. Currently the company’s common shares owned by public are about 120.15M shares, out of which, 95.33M shares are available for trading.
However, the stock later moved at a day high price of 12.96, or with a loss of -1.66%. Stock saw a price change of 5.59% in past 5 days and over the past one month there was a price change of -5.18%. Year-to-date (YTD), ZIM shares are showing a performance of 26.24% which decreased to -43.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.39 but also hit the highest price of $25.12 during that period. The average intraday trading volume for Zim Integrated Shipping Services Ltd shares is 8.12 million. The stock is currently trading -5.10% below its 20-day simple moving average (SMA20), while that difference is up 4.86% for SMA50 and it goes to 5.74% higher than SMA200.
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Zim Integrated Shipping Services Ltd (NYSE: ZIM) currently have 120.15M outstanding shares and institutions hold larger chunk of about 22.32% of that.
The stock has a current market capitalization of $1.50B and its 3Y-monthly beta is at 1.91. It has posted earnings per share of -$17.75 in the same period. It has Quick Ratio of 0.98 while making debt-to-equity ratio of 1.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZIM, volatility over the week remained 4.68% while standing at 7.23% over the month.
Analysts are in expectations that Zim Integrated Shipping Services Ltd (ZIM) stock would likely to be making an EPS of -$1.29 in the current quarter, while forecast for next quarter EPS is -$0.83 and it is -$2.59 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.94 which is -$0.5 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -159.76% while it is estimated to increase by 88.15% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on January 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $14 and $20 to it. On September 18, 2023, JP Morgan Upgrade their recommendations, while on April 21, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $20.80. Stock get an Overweight rating from JP Morgan on February 17, 2023.
