Zim Integrated Shipping Services Ltd (NYSE: ZIM) has experienced a rise in its stock price by 2.80 compared to its previous closing price of 26.10. However, the company has seen a gain of 12.68% in its stock price over the last five trading days. invezz.com reported 2024-11-18 that ZIM Integrated stock price rallied for three consecutive weeks and reached its highest level since August 2022. It has soared by over 334% from its lowest level in 2023, making it one of the best-performing companies in Wall Street.
Is It Worth Investing in Zim Integrated Shipping Services Ltd (NYSE: ZIM) Right Now?
Company’s 36-month beta value is 1.80.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for ZIM is 99.23M, and currently, short sellers hold a 12.85% ratio of that floaft. The average trading volume of ZIM on November 18, 2024 was 6.02M shares.
ZIM’s Market Performance
ZIM’s stock has seen a 12.68% increase for the week, with a 17.32% rise in the past month and a 19.03% gain in the past quarter. The volatility ratio for the week is 5.04%, and the volatility levels for the past 30 days are at 4.87% for Zim Integrated Shipping Services Ltd The simple moving average for the past 20 days is 11.52% for ZIM’s stock, with a 53.77% simple moving average for the past 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 “Hold.” The predicted price for ZIM in the upcoming period, according to Jefferies is $25 based on the research report published on October 02, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ZIM reach a price target of $10.50. The rating they have provided for ZIM stocks is “Underweight” according to the report published on September 10th, 2024.
Citigroup gave a rating of “Sell” to ZIM, setting the target price at $13 in the report published on June 06th of the current year.
ZIM Trading at 20.98% 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 -2.37% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares surge +9.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.24% upper at present.
During the last 5 trading sessions, ZIM rose by +13.19%, which changed the moving average for the period of 200-days by +104.32% in comparison to the 20-day moving average, which settled at $24.06. In addition, Zim Integrated Shipping Services Ltd saw 171.83% 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 $23.52 back on Sep 27 ’24. After this action, Ben-Amram Eyal now owns shares of Zim Integrated Shipping Services Ltd, valued at $235,200 using the latest closing price.
Ben-Amram Eyal, the Officer of Zim Integrated Shipping Services Ltd, proposed sale 10,000 shares at $22.54 during a trade that took place back on Aug 21 ’24, which means that Ben-Amram Eyal is holding shares at $225,400 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 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 15.99. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -3.98.
Currently, EBITDA for the company is -955.1 million with net debt to EBITDA at -11.73. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. 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
In a nutshell, Zim Integrated Shipping Services Ltd (ZIM) has experienced a better performance in recent times. The stock has received mixed “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.
