Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -32.04% lower on its value in year-to-date trading and has touched a low of $9.38 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 $15.48 in the last trading session, with the day’s loss setting it -0.89%.
Currently trading at $14.59, the stock is -18.68% and -21.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.1 million and changing -5.75% at the moment leaves the stock -25.63% off its SMA200. ZIM registered 51.38% gain for a year compared to 6-month loss of -35.51%. The firm has a 50-day simple moving average (SMA 50) of $18.5512 and a 200-day simple moving average (SMA200) of $20.0884.
The stock witnessed a -27.84% gain in the last 1 month and extending the period to 3 months gives it a -32.83%, and is -6.59% 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 4.26% over the week and 5.76% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6700 employees, a market worth around $1.76B and $8.43B in sales. Current P/E ratio is 0.82. Profit margin for the company is 25.48%. Distance from 52-week low is 55.57% and -49.69% from its 52-week high. The company has generated returns on investments over the last 12 months (24.69%).
The EPS is expected to shrink by -91.32% this year.
Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders
306.0 institutions hold shares in Zim Integrated Shipping Services Ltd (ZIM), with institutional investors hold 55.32% of the company’s shares. The shares outstanding are 120.42M, and float is at 119.17M with Short Float at 10.92%. Institutions hold 54.67% of the Float.
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 4.0268% 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 2.5263 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).
