The stock of Zim Integrated Shipping Services Ltd (ZIM) has seen a 5.66% increase in the past week, with a 23.75% gain in the past month, and a 4.78% flourish in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 5.38% for ZIM. The simple moving average for the past 20 days is 21.75% for ZIM’s stock, with a 25.75% simple moving average for the past 200 days.
Is It Worth Investing in Zim Integrated Shipping Services Ltd (NYSE: ZIM) Right Now?
Additionally, the 36-month beta value for ZIM is 1.54. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ZIM is 94.19M and currently, short sellers hold a 33.45% ratio of that float. The average trading volume of ZIM on May 06, 2024 was 4.45M shares.
ZIM) stock’s latest price update
Zim Integrated Shipping Services Ltd (NYSE: ZIM) has experienced a rise in its stock price by 7.22 compared to its previous closing price of 12.88. However, the company has seen a gain of 5.66% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that ZIM Integrated Shipping stock has seen a large negative total return due to a dividend cut. I see positive signs emerging for ZIM now, including recovery in both volume and rates. I expect a net profit in 2024 and a potential return of the dividend based on its payout policy.
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 25.76% 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 -23.13% of loss for the given period.
Volatility was left at 5.38%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +25.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.73% upper at present.
During the last 5 trading sessions, ZIM rose by +5.32%, which changed the moving average for the period of 200-days by -4.54% in comparison to the 20-day moving average, which settled at $11.48. In addition, Zim Integrated Shipping Services Ltd saw 39.92% 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 1.11. 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
In conclusion, Zim Integrated Shipping Services Ltd (ZIM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
