ZIM has 36-month beta value of 1.75. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZIM is 94.22M, and currently, short sellers hold a 17.00% ratio of that float. The average trading volume of ZIM on September 17, 2024 was 4.90M shares.
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ZIM) stock’s latest price update
Zim Integrated Shipping Services Ltd (NYSE: ZIM)’s stock price has gone rise by 1.26 in comparison to its previous close of 18.30, however, the company has experienced a 13.61% increase in its stock price over the last five trading days. zacks.com reported 2024-09-16 that With ZIM stock being undervalued and having a phenomenal run on the bourse, we assess the investment potential of the shipping company.
ZIM’s Market Performance
Zim Integrated Shipping Services Ltd (ZIM) has experienced a 13.61% rise in stock performance for the past week, with a -2.16% drop in the past month, and a 0.00% drop in the past quarter. The volatility ratio for the week is 4.69%, and the volatility levels for the past 30 days are at 5.23% for ZIM. . The simple moving average for the past 20 days is -2.11% for ZIM’s stock, with a 25.17% simple moving average for the past 200 days.
Analysts’ Opinion of ZIM
Many brokerage firms have already submitted their reports for ZIM stocks, with JP Morgan repeating the rating for ZIM by listing it as a “Underweight.” The predicted price for ZIM in the upcoming period, according to JP Morgan is $10.50 based on the research report published on September 10, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see ZIM reach a price target of $13. The rating they have provided for ZIM stocks is “Sell” according to the report published on June 06th, 2024.
Jefferies gave a rating of “Buy” to ZIM, setting the target price at $20 in the report published on January 29th of the current year.
ZIM Trading at -0.93% 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 -22.21% of loss for the given period.
Volatility was left at 5.23%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.19% lower at present.
During the last 5 trading sessions, ZIM rose by +13.61%, which changed the moving average for the period of 200-days by +181.18% in comparison to the 20-day moving average, which settled at $18.90. In addition, Zim Integrated Shipping Services Ltd saw 87.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZIM starting from Ben-Amram Eyal, who proposed sale 10,000 shares at the price of $22.54 back on Aug 21 ’24. After this action, Ben-Amram Eyal now owns shares of Zim Integrated Shipping Services Ltd, valued at $225,400 using the latest closing price.
Tiran Assaf, the EVP Cross Suez and Atlantic Tr of Zim Integrated Shipping Services Ltd, proposed sale 35,000 shares at $22.54 during a trade that took place back on Aug 21 ’24, which means that Tiran Assaf is holding shares at $788,900 based on the most recent closing price.
Stock Fundamentals for ZIM
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- -0.24 for the gross margin
The net margin for Zim Integrated Shipping Services Ltd stands at -0.33. The total capital return value is set at -0.25. Equity return is now at value -50.62, with -19.22 for asset returns.
Based on Zim Integrated Shipping Services Ltd (ZIM), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 1.14. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is -3.98.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at -9.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 5.79for 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 1.04.
Conclusion
To put it simply, Zim Integrated Shipping Services Ltd (ZIM) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
