Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Wednesday at a closing price of $24.05, with 6.03 million shares of worth about $145.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 62.72% during that period and on November 06, 2024 the price saw a loss of about -3.06%. Currently the company’s common shares owned by public are about 120.29M shares, out of which, 99.23M shares are available for trading.
Stock saw a price change of 10.83% in past 5 days and over the past one month there was a price change of 23.71%. Year-to-date (YTD), ZIM shares are showing a performance of 143.67% which increased to 210.72% 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 $26.20 during that period. The average intraday trading volume for Zim Integrated Shipping Services Ltd shares is 5.70 million. The stock is currently trading 6.93% above its 20-day simple moving average (SMA20), while that difference is up 14.80% for SMA50 and it goes to 41.45% 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 41.51% of that.
The stock has a current market capitalization of $2.89B and its 3Y-monthly beta is at 1.80. 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 5.09% while standing at 4.68% over the month.
Stock’s fiscal year EPS is expected to rise by 153.64% while it is estimated to decrease by -97.78% 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 October 02, 2024 offering a Hold rating for the stock and assigned a target price of $25 to it. Coverage by JP Morgan stated Zim Integrated Shipping Services Ltd (ZIM) stock as an Underweight in their note to investors on September 10, 2024, suggesting a price target of $10.50 for the stock. On June 06, 2024, Citigroup Downgrade their recommendations, while on January 29, 2024, Jefferies Upgrade their ratings for the stock with a price target of $20. Stock get a Neutral rating from JP Morgan on November 17, 2023.
