Zim Integrated Shipping Services Ltd (NYSE: ZIM) is -37.31% 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 $15.02 in the last trading session, with the day’s loss setting it -1.56%.
Currently trading at $13.46, the stock is -3.35% and -17.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.7 million and changing -10.39% at the moment leaves the stock -29.09% off its SMA200. ZIM registered 11.77% gain for a year compared to 6-month loss of -41.18%.
The stock witnessed a 7.51% gain in the last 1 month and extending the period to 3 months gives it a -23.39%, and is -8.56% 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 6.58% over the week and 7.49% over the month.
Zim Integrated Shipping Services Ltd (ZIM) has around 6700 employees, a market worth around $1.62B and $8.43B in sales. Current P/E ratio is 0.76. Profit margin for the company is 25.48%. Distance from 52-week low is 21.98% and -53.59% from its 52-week high. The company has generated returns on investments over the last 12 months (24.69%).
with sales reaching $1.84B over the same period.The EPS is expected to shrink by -92.87% this year, but quarterly earnings will post -23.73% year-over-year. Quarterly sales are estimated to grow 17.80% in year-over-year returns.
Zim Integrated Shipping Services Ltd (ZIM) Top Institutional Holders
The shares outstanding are 120.42M, and float is at 119.17M with Short Float at 18.21%.
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).
