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Is Now An Ideal Time To Purchase ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) Stock?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) traded at $25.53 at last check on Wednesday, November 23, made an upward move of 2.49% on its previous day’s price.

Looking at the stock we see that its previous close was $24.91 with the day’s price range being $24.38 – $25.25. The company has a trailing 12-month PE ratio of 0.51. In terms of its 52-week price range, ZIM has a high of $91.23 and a low of $22.33. The company’s stock has gained about 3.40% over that past 30 days.

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ZIM Integrated Shipping Services Ltd. has a market cap of $3.09 billion and is expected to release its quarterly earnings report on Nov 16, 2022. With its Forward Dividend at 27.10 and a yield of 108.79%, the company’s investors could be anxious for the ZIM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $9.54, with the EPS growth for the year raised at $39.98 for 2022 and $8.12 for next year. These figures represent 2.40% and -79.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.18 billion, with a low of $3.01 billion and a high of $3.31 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $12.79 billion, or 19.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ZIM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is 3.94% off its SMA20 and 1.55% from its 50-day simple moving average. The RSI (14) is pointing at 51.28 while the volatility over the past week is 6.83% and jumps to 5.74% over the past one month.

Coming back to ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), we note that the average 3-month trading volume was 4.98 million, while that of the preceding 10-day period stands at 5.09 million. Current shares outstanding are 120.05 million.

The insiders hold 33.04% of the company’s shares while institutions hold 38.60%. The data shows that short shares as of Oct 13, 2022, stood at 13.58 million at a short ratio of 2.87. This represents a 11.31% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 10.58 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -57.68% down in year-to-date price movement.

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