Zim Integrated Shipping Services Ltd (ZIM) concluded trading on Thursday at a closing price of $23.31, with 6.37 million shares of worth about $148.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.62% during that period and on Thursday the price saw a gain of about 8.57%. Currently the company’s common shares owned by public are about 120.39M shares, out of which, 99.23M shares are available for trading.
Stock saw a price change of 8.42% in past 5 days and over the past one month there was a price change of 17.67%. Year-to-date (YTD), ZIM shares are showing a performance of 8.57% which increased to 116.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.73 but also hit the highest price of $29.00 during that period. The average intraday trading volume for Zim Integrated Shipping Services Ltd shares is 6.61 million. The stock is currently trading 14.98% above its 20-day simple moving average (SMA20), while that difference is up 6.98% for SMA50 and it goes to 27.90% higher than SMA200.
Zim Integrated Shipping Services Ltd (NYSE: ZIM) currently have 120.39M outstanding shares and institutions hold larger chunk of about 46.79% of that.
The stock has a current market capitalization of $2.81B and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 1.95, while it has posted earnings per share of $11.93 in the same period. Its PEG reads 0.07 and has Quick Ratio of 1.26 while making debt-to-equity ratio of 1.49. 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 4.34% while standing at 5.12% over the month.
Stock’s fiscal year EPS is expected to rise by 166.87% while it is estimated to decrease by -79.85% 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.
