The stock price of Zim Integrated Shipping Services Ltd (NYSE: ZIM) has jumped by 3.26 compared to previous close of 19.65. Despite this, the company has seen a gain of 9.50% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-24 that ZIM Integrated Shipping Services has rebounded from a low of $6.39 and is consolidating around important support levels, with potential for significant higher levels. The US industrial sector has shown growth despite challenges, while integrated freight and logistics companies have struggled significantly. The Drewry World Container Index saw a sharp rise and fall in rates, rebounding nearly fourfold since October 2023, indicating potential for higher prices ahead.
Is It Worth Investing in Zim Integrated Shipping Services Ltd (NYSE: ZIM) Right Now?
Moreover, the 36-month beta value for ZIM is 1.73. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ZIM is 94.19M and currently, short sellers hold a 12.52% of that float. On June 24, 2024, ZIM’s average trading volume was 5.33M shares.
ZIM’s Market Performance
The stock of Zim Integrated Shipping Services Ltd (ZIM) has seen a 9.50% increase in the past week, with a 6.68% rise in the past month, and a 111.80% gain in the past quarter. The volatility ratio for the week is 4.51%, and the volatility levels for the past 30 days are at 7.08% for ZIM. The simple moving average for the past 20 days is 0.20% for ZIM’s stock, with a 70.23% simple moving average for the past 200 days.
Analysts’ Opinion of ZIM
Many brokerage firms have already submitted their reports for ZIM stocks, with Citigroup repeating the rating for ZIM by listing it as a “Sell.” The predicted price for ZIM in the upcoming period, according to Citigroup is $13 based on the research report published on June 06, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ZIM reach a price target of $20, previously predicting the price at $14. The rating they have provided for ZIM stocks is “Buy” according to the report published on January 29th, 2024.
ZIM Trading at 22.68% 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 -14.82% of loss for the given period.
Volatility was left at 7.08%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +5.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +91.63% upper at present.
During the last 5 trading sessions, ZIM rose by +10.55%, which changed the moving average for the period of 200-days by +75.09% in comparison to the 20-day moving average, which settled at $20.30. In addition, Zim Integrated Shipping Services Ltd saw 105.57% 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:
- -0.44 for the present operating margin
- -0.38 for the gross margin
The net margin for Zim Integrated Shipping Services Ltd stands at -0.48. The total capital return value is set at -0.37. Equity return is now at value -66.79, with -24.88 for asset returns.
Based on Zim Integrated Shipping Services Ltd (ZIM), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -5.1.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at -5.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 6.16for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To wrap up, the performance of Zim Integrated Shipping Services Ltd (ZIM) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
