Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -3.96% 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 $20.75 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $20.62, the stock is 1.23% and 5.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.43 million and changing -0.63% at the moment leaves the stock 4.11% off its SMA200. ZIM registered 92.09% gain for a year compared to 6-month gain of 28.52%.
The stock witnessed a 13.86% loss in the last 1 month and extending the period to 3 months gives it a 5.47%, and is 4.14% up 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 6.60% over the week and 5.71% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6460 employees, a market worth around $2.48B and $7.47B in sales. Current P/E ratio is 1.73 and Fwd P/E is 8.96. Profit margin for the company is 19.26%. Distance from 52-week low is 136.09% and -28.90% from its 52-week high. The company has generated returns on investments over the last 12 months (17.37%).
with sales reaching $2.02B over the same period.The EPS is expected to grow by 168.70% this year, but quarterly earnings will post 58.93% year-over-year. Quarterly sales are estimated to grow 67.67% 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 13.88%.
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 3.5817 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).
