Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -32.60% lower on its value in year-to-date trading and has touched a low of $11.03 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 $14.34 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $14.47, the stock is 5.42% and -14.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.37 million and changing 0.91% at the moment leaves the stock -24.04% off its SMA200. ZIM registered 31.15% gain for a year compared to 6-month loss of -33.05%. The firm has a 50-day simple moving average (SMA 50) of $16.9432 and a 200-day simple moving average (SMA200) of $19.44685.
The stock witnessed a -5.98% gain in the last 1 month and extending the period to 3 months gives it a -18.34%, and is 11.74% 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 4.72% over the week and 7.63% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6700 employees, a market worth around $1.74B and $8.43B in sales. Current P/E ratio is 0.81. Profit margin for the company is 25.48%. Distance from 52-week low is 31.13% and -50.11% 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 -92.87% this year.
Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders
311.0 institutions hold shares in Zim Integrated Shipping Services Ltd (ZIM), with institutional investors hold 55.21% of the company’s shares. The shares outstanding are 120.42M, and float is at 119.17M with Short Float at 18.21%. Institutions hold 54.57% 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 2.7758% 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).
