Zim Integrated Shipping Services Ltd (NYSE: ZIM) is 94.02% higher on its value in year-to-date trading and has touched a low of $8.73 and a high of $29.00 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 $19.51 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $18.42, the stock is -12.33% and -14.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.37 million and changing -5.59% at the moment leaves the stock 4.07% off its SMA200. ZIM registered 98.65% gain for a year compared to 6-month gain of 0.74%. The firm has a 50-day simple moving average (SMA 50) of $22.3358 and a 200-day simple moving average (SMA200) of $18.3166.
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The stock witnessed a -26.63% loss in the last 1 month and extending the period to 3 months gives it a 0.16%, and is -9.44% 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 5.51% over the week and 6.33% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6460 employees, a market worth around $2.22B and $7.47B in sales. Current P/E ratio is 1.54 and Fwd P/E is 6.10. Profit margin for the company is 19.26%. Distance from 52-week low is 110.90% and -36.48% from its 52-week high. The company has generated returns on investments over the last 12 months (17.37%).
The EPS is expected to grow by 166.87% this year.
Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders
The shares outstanding are 120.39M, and float is at 99.23M with Short Float at 11.34%.
The top institutional shareholder in the company is D. E. SHAW & CO., INC. with over 4.85 million shares valued at $107.43 million. The investor’s holdings represent 4.0279% of the ZIM Shares outstanding. As of 2024-06-30, the second largest holder is GREENVALE CAPITAL LLP with 4.31 million shares valued at $95.56 million to account for 3.5827 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 3.34 million shares representing 2.7766% and valued at over $74.06 million, while CITADEL ADVISORS LLC holds 2.527 of the shares totaling 3.04 million with a market value of $67.4 million.
Zim Integrated Shipping Services Ltd (ZIM) Insider Activity
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Still, SEC filings show that on Nov 22 ’24, Kenon Holdings Ltd. (10% Owner) Proposed Sale 14,843,478 shares at an average price of $24.23 for $359.66 million. The insider now directly holds shares of Zim Integrated Shipping Services Ltd (ZIM).
