The trading price of Zim Integrated Shipping Services Ltd (NYSE:ZIM) closed higher on current market day and closing at $26.78, 0.64% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $25.66 and $27.17. In examining the 52-week price action we see that the stock hit a 52-week high of $27.48 and a 52-week low of $6.39. Over the past month, the stock has gained 8.42% in value.
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Zim Integrated Shipping Services Ltd, whose market valuation is $3.22 billion at the time of this writing, is expected to release its quarterly earnings report in December. The dividend yield on the company stock is 4.33%, while its Forward Dividend ratio is 1.16. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 7.21 per share this quarter, however they have predicted annual earnings per share of 12.33 for current year and -1.01 for next year.
Analysts have forecast the company to bring in revenue of 2.41B for the current quarter, with the likely lows of 2.34B and highs of 2.45B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.61B.
On the technical side, indicators suggest ZIM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ZIM a recommendation rating is 4. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Zim Integrated Shipping Services Ltd (ZIM) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ZIM’s price is currently 10.80% off the SMA20 and 19.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.85, and weekly volatility stands at 5.20%. When measured over the past 30 days, the indicator reaches 4.60%. Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s beta value is currently sitting at 1.80, while the Average True Range indicator is currently displaying 1.33. With analysts defining $12.2-$25 as the low and high price targets, we arrive at a consensus price target of $13.9 for the trailing 12-month period. The current price is about 54.44% off the estimated low and 6.65% off the forecast high, based on this estimate. Investors will be thrilled if ZIM’s share price rises to $13.9, which is the median consensus price. At that level, ZIM’s share price would be 48.1% above current price.
To see how Zim Integrated Shipping Services Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: ZIM stock’s performance was 0.64% in the latest trading, and 251.44% in the past year.
An evaluation of the daily trading volume of Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the 3-month average is 6.02 million. However, this figure has increased over the past 10 days to an average of 4.96.
Currently, records show that 120.29 million of the company’s shares remain outstanding. The insiders hold 17.55% of outstanding shares, whereas institutions hold 46.80%. The stats also highlight that short interest as of 2024-10-31, stood at 12.75 million shares, resulting in a short ratio of 2.12 at that time. From this, we can conclude that short interest is 1353.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 15.74 million. However, since the stock’s price has seen 171.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
