Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -11.09% lower 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 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 $20.72 in the last trading session, with the day’s loss setting it -1.63%.
Currently trading at $19.09, the stock is -6.57% and -11.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.61 million and changing -7.87% at the moment leaves the stock 3.07% off its SMA200. ZIM registered 54.33% gain for a year compared to 6-month gain of 11.06%. The firm has a 50-day simple moving average (SMA 50) of $22.1058 and a 200-day simple moving average (SMA200) of $19.1461.
The stock witnessed a -7.33% loss in the last 1 month and extending the period to 3 months gives it a 6.64%, and is -18.10% 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 5.06% over the week and 5.14% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6460 employees, a market worth around $2.30B and $7.47B in sales. Current P/E ratio is 1.60 and Fwd P/E is 6.21. Profit margin for the company is 19.26%. Distance from 52-week low is 118.57% and -34.17% from its 52-week high. The company has generated returns on investments over the last 12 months (17.37%).
with sales reaching $1.99B over the same period.The EPS is expected to grow by 166.47% this year, but quarterly earnings will post 60.38% year-over-year. Quarterly sales are estimated to grow 65.49% in year-over-year returns.
Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders
The shares outstanding are 120.39M, and float is at 119.07M with Short Float at 10.01%.
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).
