Is Zim Integrated Shipping Services Ltd (NYSE: ZIM) Proving The Doubters Wrong?

Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Wednesday at a closing price of $11.19, with 5.65 million shares of worth about $63.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.80% during that period and on April 3, 2024 the price saw a gain of about 10.03%. Currently the company’s common shares owned by public are about 120.29M shares, out of which, 94.16M shares are available for trading.

However, the stock later moved at a day high price of 11.19, or with a gain of 10.03%. Stock saw a price change of 14.42% in past 5 days and over the past one month there was a price change of 2.19%. Year-to-date (YTD), ZIM shares are showing a performance of 13.37% which decreased to -52.54% 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 $23.83 during that period. The average intraday trading volume for Zim Integrated Shipping Services Ltd shares is 7.40 million. The stock is currently trading 9.56% above its 20-day simple moving average (SMA20), while that difference is down -5.06% for SMA50 and it goes to 0.37% higher than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Zim Integrated Shipping Services Ltd (NYSE: ZIM) currently have 120.29M outstanding shares and institutions hold larger chunk of about 22.42% of that.

The stock has a current market capitalization of $1.35B and its 3Y-monthly beta is at 1.75. It has posted earnings per share of -$22.42 in the same period. It has Quick Ratio of 0.95 while making debt-to-equity ratio of 2.04. 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 5.69% while standing at 5.25% over the month.

Analysts are in expectations that Zim Integrated Shipping Services Ltd (ZIM) stock would likely to be making an EPS of $1.52 in the current quarter, while forecast for next quarter EPS is $0.11 and it is -$4.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.76 which is $2.89 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 -$0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 95.66% while it is estimated to decrease by -226.80% 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.

Most Popular

Related Posts