Zim Integrated Shipping Services Ltd (ZIM): A Great Stock For Handling Current Market Conditions?

Currently, there are 120.29M common shares owned by the public and among those 99.23M shares have been available to trade.

The company’s stock has a 5-day price change of -9.16% and 12.29% over the past three months. ZIM shares are trading 124.01% year to date (YTD), with the 12-month market performance up to 171.62% higher. It has a 12-month low price of $6.39 and touched a high of $26.20 over the same period. ZIM has an average intraday trading volume of 5.69 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 3.32%, 7.29%, and 32.46% respectively.

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Institutional ownership of Zim Integrated Shipping Services Ltd (NYSE: ZIM) shares accounts for 41.34% of the company’s 120.29M shares outstanding.

It has a market capitalization of $2.66B and a beta (3y monthly) value of 1.78. The earnings-per-share (ttm) stands at -$16.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.86% over the week and 5.04% over the month.

Earnings per share for the fiscal year are expected to increase by 153.64%, and -97.78% 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 Hold rating for the stock in a research note on October 02, 2024, with the firm’s price target at $25. JP Morgan coverage for the Zim Integrated Shipping Services Ltd (ZIM) stock in a research note released on September 10, 2024 offered a Underweight rating with a price target of $10.50. Citigroup was of a view on June 06, 2024 that the stock is Sell, while Jefferies gave the stock Buy rating on January 29, 2024, issuing a price target of $14- $20. JP Morgan on their part issued Neutral rating on November 17, 2023.

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