Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Wednesday at a closing price of $17.32, with 4.07 million shares of worth about $70.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.37% during that period and on September 04, 2024 the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 120.29M shares, out of which, 94.22M shares are available for trading.
Stock saw a price change of -13.31% in past 5 days and over the past one month there was a price change of -6.93%. Year-to-date (YTD), ZIM shares are showing a performance of 75.48% which increased to 41.50% 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 5.41 million. The stock is currently trading -11.32% below its 20-day simple moving average (SMA20), while that difference is down -10.88% for SMA50 and it goes to 20.31% 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 41.49% of that.
The stock has a current market capitalization of $2.08B and its 3Y-monthly beta is at 1.76. It has posted earnings per share of -$16.31 in the same period. It has Quick Ratio of 0.97 while making debt-to-equity ratio of 1.94. 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 4.60% while standing at 5.25% over the month.
Stock’s fiscal year EPS is expected to rise by 145.42% while it is estimated to decrease by -108.74% 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.
