Zim Integrated Shipping Services Ltd (ZIM) Looks Ready for Growth Despite 20.47% Change This Year

Zim Integrated Shipping Services Ltd (NYSE: ZIM) is 20.47% higher on its value in year-to-date trading and has touched a low of $6.39 and a high of $25.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZIM stock was last observed hovering at around $12.21 in the last trading session, with the day’s loss setting it -0.32%.

Currently trading at $11.89, the stock is -12.25% and 6.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.5 million and changing -2.62% at the moment leaves the stock -0.49% off its SMA200. ZIM registered -45.43% loss for a year compared to 6-month loss of -16.33%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of -$43.51.

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The stock witnessed a -7.76% gain in the last 1 month and extending the period to 3 months gives it a 61.55%, and is -9.86% 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 7.26% over the week and 8.53% over the month.

Zim Integrated Shipping Services Ltd (ZIM) has around Apr 04 2023 employees, a market worth around $1.43B and $6.15B in sales. Profit margin for the company is -34.71%. Distance from 52-week low is 86.07% and -52.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.10%).

Zim Integrated Shipping Services Ltd quarterly earnings per share for the current quarter are estimated at -$1.29 with sales reaching $1.28B over the same period.The EPS is expected to shrink by -159.76% this year, but quarterly earnings will post -58.30% year-over-year. Quarterly sales are estimated to shrink -41.70% in year-over-year returns.

Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders

263 institutions hold shares in Zim Integrated Shipping Services Ltd (ZIM), with institutional investors hold 21.87% of the company’s shares. The shares outstanding are 120.15M, and float is at 95.33M with Short Float at 27.07%. Institutions hold 17.35% of the Float.

The top institutional shareholder in the company is Menora Mivtachim Holdings Ltd. with over 2.69 million shares valued at $33.34 million. The investor’s holdings represent 2.24% of the ZIM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 2.17 million shares valued at $26.92 million to account for 1.81% of the shares outstanding. The other top investors are Citadel Advisors Llc which holds 1.65 million shares representing 1.37% and valued at over $20.47 million, while Mackenzie Financial Corporation holds 1.06% of the shares totaling 1.28 million with a market value of $15.84 million.