The stock has a 36-month beta value of 1.69. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZIM is 94.19M, and at present, short sellers hold a 34.66% of that float. On April 23, 2024, the average trading volume of ZIM was 5.41M shares.
ZIM) stock’s latest price update
The stock price of Zim Integrated Shipping Services Ltd (NYSE: ZIM) has surged by 8.75 when compared to previous closing price of 10.17, but the company has seen a 8.01% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that ZIM Integrated Shipping Services (ZIM) concluded the recent trading session at $10.22, signifying a +1.49% move from its prior day’s close.
ZIM’s Market Performance
Zim Integrated Shipping Services Ltd (ZIM) has experienced a 8.01% rise in stock performance for the past week, with a 13.09% rise in the past month, and a -15.83% drop in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 4.78% for ZIM. The simple moving average for the last 20 days is 7.07% for ZIM stock, with a simple moving average of 0.41% for the last 200 days.
Analysts’ Opinion of ZIM
Many brokerage firms have already submitted their reports for ZIM stocks, with Jefferies repeating the rating for ZIM by listing it as a “Buy.” The predicted price for ZIM in the upcoming period, according to Jefferies is $20 based on the research report published on January 29, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to ZIM, setting the target price at $15.40 in the report published on September 18th of the previous year.
ZIM Trading at 0.88% from the 50-Day Moving Average
After a stumble in the market that brought ZIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.20% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +15.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.42% lower at present.
During the last 5 trading sessions, ZIM rose by +8.01%, which changed the moving average for the period of 200-days by -12.64% in comparison to the 20-day moving average, which settled at $10.40. In addition, Zim Integrated Shipping Services Ltd saw 12.06% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ZIM
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- -0.43 for the gross margin
The net margin for Zim Integrated Shipping Services Ltd stands at -0.52. The total capital return value is set at -0.43. Equity return is now at value -64.61, with -26.99 for asset returns.
Based on Zim Integrated Shipping Services Ltd (ZIM), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -5.55.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at -4.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 9.18for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To sum up, Zim Integrated Shipping Services Ltd (ZIM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
