Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Wednesday at a closing price of $21.60, with 2.92 million shares of worth about $63.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 86.53% during that period and on June 26, 2024 the price saw a gain of about 4.30%. Currently the company’s common shares owned by public are about 120.29M shares, out of which, 94.19M shares are available for trading.
Stock saw a price change of 13.62% in past 5 days and over the past one month there was a price change of 2.66%. Year-to-date (YTD), ZIM shares are showing a performance of 118.84% which increased to 78.66% 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 $23.82 during that period. The average intraday trading volume for Zim Integrated Shipping Services Ltd shares is 5.38 million. The stock is currently trading 6.53% above its 20-day simple moving average (SMA20), while that difference is up 27.49% for SMA50 and it goes to 79.87% higher than SMA200.
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Zim Integrated Shipping Services Ltd (NYSE: ZIM) currently have 120.29M outstanding shares and institutions hold larger chunk of about 30.01% of that.
The stock has a current market capitalization of $2.60B and its 3Y-monthly beta is at 1.74. It has posted earnings per share of -$21.18 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.11. 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 4.91% while standing at 6.46% over the month.
Stock’s fiscal year EPS is expected to rise by 104.87% while it is estimated to decrease by -427.41% 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 Citigroup on June 06, 2024 offering a Sell rating for the stock and assigned a target price of $13 to it. Coverage by Jefferies stated Zim Integrated Shipping Services Ltd (ZIM) stock as a Buy in their note to investors on January 29, 2024, suggesting a price target of $20 for the stock. On November 17, 2023, JP Morgan Downgrade their recommendations, while on September 18, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $15.40. Stock get a Neutral rating from JP Morgan on April 21, 2023.
