ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) currently has a daily average trading volume of 5.11M but it saw 3625650 shares traded on Thursday. With a market cap of 1.74B USD, stock’s current market price of $14.17 came falling about -1.67 while comparing to the previous closing price of $14.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $71.16 and as low as $12.95. In the recent trading on the day, stock has struck highest price mark of $14.4822 while lowest mark touched by it was $14.05.
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Taking a look at 20-day trading activity of ZIM Integrated Shipping Services Ltd. (ZIM) gives us an average price of $16.65, while its current price level is -80.09% below from 52-week high level whereas it is 9.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.32 while that of 200 days or SMA-200 reads an average of $23.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.68% during that period while stretching the period over a month that decreases to 4.21%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.60 which implies that the stock is in oversold territory.
ZIM Integrated Shipping Services Ltd. (ZIM)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $13.00 and $27.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $13.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $27.00. Average price target assigned by them is $18.40 which highlights an upside potential of 22.99% for the stock over that period. And to attain the median price target of $17.00 assigned by those analysts, stock has to add about 16.65% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Underweight for the stock and that issued by Wall Street to investors is Hold.
Over the week, ZIM’s stock price is moving -20.75% down while it is -15.60% when we observe its performance for the past one month. Year-to-date it is -17.57% down and over the past year, the stock is showing a downside performance of -79.71%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.5 beaten by the consensus estimate of $0 for the same. The company is expected to be releasing its next quarterly report in 08/16/2023, for which analysts forecasted an EPS of -$0.85 while estimate for next year EPS is -$1.9. For ZIM, analysts are forecasting an EPS-growth rate of -105.00% for current year and estimate for EPS growth in next year is -16.80%. In next quarter, company is expected to be making quarterly sales of $1.45 billion as analysts are expecting the sales for current fiscal year at $6.01 billion and seeing the company making $5.83 billion in sales next year. Moreover, analysts are in estimates of $1.39 billion for current-quarter revenue.
Currently, ZIM Integrated Shipping Services Ltd.’s total number of outstanding shares is 120.10M with 21.93% of that held by the insiders while 34.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 46.30% and return on equity (ROE) at 87.20%. It has a price to earnings ratio (P/E ratio) of 0.37. Stock has a price to book (P/B) ratio of 0.29 while price to sale or P/S ratio amounts to 0.14. Its return on asset (ROA) is 39.00% on average.
In the most recent quarter, Government Pension Fund – Global came rising its stake by 116.78% in the company and now holds 0.74 million or 0.62% of the company’s stake having worth of about 12.7 million.
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