The price-to-earnings ratio for Zim Integrated Shipping Services Ltd (NYSE: ZIM) is above average at 1.66x. The 36-month beta value for ZIM is also noteworthy at 1.70. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
The public float for ZIM is 99.23M, and at present, short sellers hold a 13.53% of that float. The average trading volume of ZIM on December 03, 2024 was 6.68M shares.
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ZIM) stock’s latest price update
The stock price of Zim Integrated Shipping Services Ltd (NYSE: ZIM) has plunged by -6.56 when compared to previous closing price of 21.20, but the company has seen a -13.39% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-02 that HAIFA, Israel, Dec. 2, 2024 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM” or the “Company”), a global container liner shipping company, hereby updates that in connection with the regular and special dividend distributions, both expected to take place on December 9, 2024, as previously announced by the Company on November 20, 2024 (the “Dividends”), the previously obtained tax ruling from the Israeli Tax Authority (“ITA”) on tax withholding procedures relating to the payment of the Dividends to the Company’s shareholders (the “Ruling”), will apply.
ZIM’s Market Performance
Zim Integrated Shipping Services Ltd (ZIM) has seen a -13.39% fall in stock performance for the week, with a -13.43% decline in the past month and a 18.57% surge in the past quarter. The volatility ratio for the week is 7.18%, and the volatility levels for the past 30 days are at 5.93% for ZIM. The simple moving average for the past 20 days is -14.88% for ZIM’s stock, with a 14.80% 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 -10.38% 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 -31.69% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 7.18%, as shares sank -18.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.25% lower at present.
During the last 5 trading sessions, ZIM fell by -16.69%, which changed the moving average for the period of 200-days by +57.85% in comparison to the 20-day moving average, which settled at $24.16. In addition, Zim Integrated Shipping Services Ltd saw 108.66% 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 Kenon Holdings Ltd., who proposed sale 14,843,478 shares at the price of $24.23 back on Nov 22 ’24. After this action, Kenon Holdings Ltd. now owns shares of Zim Integrated Shipping Services Ltd, valued at $359,657,472 using the latest closing price.
Ben-Amram Eyal, the Officer of Zim Integrated Shipping Services Ltd, proposed sale 10,000 shares at $26.78 during a trade that took place back on Nov 20 ’24, which means that Ben-Amram Eyal is holding shares at $267,800 based on the most recent closing price.
Stock Fundamentals for ZIM
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.27 for the gross margin
The net margin for Zim Integrated Shipping Services Ltd stands at 0.19. The total capital return value is set at 0.21. Equity return is now at value 44.28, with 14.97 for asset returns.
Based on Zim Integrated Shipping Services Ltd (ZIM), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 25.03. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 3.92.
Currently, EBITDA for the company is -955.1 million with net debt to EBITDA at 1.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 7.03for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In summary, Zim Integrated Shipping Services Ltd (ZIM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
