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ZIM Integrated Shipping Services Ltd. (ZIM) Looks Ready for Growth Despite -57.68% Change This Year

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is -57.68% lower on its value in year-to-date trading and has touched a low of $22.33 and a high of $91.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZIM stock was last observed hovering at around $24.37 in the last trading session, with the day’s gains setting it 0.54% off its average median price target of $24.30 for the next 12 months. It is also 16.97% off the consensus price target high of $30.00 offered by analysts, but current levels are -107.58% lower than the price target low of $12.00 for the same period.

Currently trading at $24.91, the stock is 1.52% and -1.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 2.22% at the moment leaves the stock -50.08% off its SMA200. ZIM registered -56.30% loss for a year compared to 6-month loss of -64.33%.

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The stock witnessed a 3.40% gain in the last 1 month and extending the period to 3 months gives it a -48.94%, and is -5.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.83% over the week and 5.74% over the month.

ZIM Integrated Shipping Services Ltd. (ZIM) has around 4427 employees, a market worth around $3.09B and $13.84B in sales. Current P/E ratio is 0.51 and Fwd P/E is 4.87. Profit margin for the company is 42.70%. Distance from 52-week low is 11.53% and -72.70% from its 52-week high. The company has generated returns on investments over the last 12 months (60.70%).

ZIM Integrated Shipping Services Ltd. is expected to release its quarterly report on 03/20/2023.The EPS is expected to grow by 766.20% this year.

ZIM Integrated Shipping Services Ltd. (ZIM) Top Institutional Holders

The shares outstanding are 120.05M, and float is at 80.39M with Short Float at 18.65%.

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