Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -23.06% 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 $16.24 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $16.52, the stock is -16.40% and -20.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.32 million and changing 1.72% at the moment leaves the stock -11.98% off its SMA200. ZIM registered 33.45% gain for a year compared to 6-month gain of -3.24%. The firm has a 50-day simple moving average (SMA 50) of $21.3576 and a 200-day simple moving average (SMA200) of $19.35305.
The stock witnessed a -9.23% loss in the last 1 month and extending the period to 3 months gives it a -24.90%, and is -8.58% 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 5.13% over the week and 5.09% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6460 employees, a market worth around $1.99B and $7.47B in sales. Current P/E ratio is 1.38 and Fwd P/E is 5.55. Profit margin for the company is 19.26%. Distance from 52-week low is 89.15% and -43.04% 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.
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
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).
