Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares, rose in value on Friday, November 22, with the stock price down by -0.18% to the previous day’s close as strong demand from buyers drove the stock to $24.19.
Actively observing the price movement in the recent trading, the stock is buoying the session at $24.23, falling within a range of $23.99 and $25.0. The value of beta (5-year monthly) is 1.786 whereas the PE ratio is 2.03 over 12-month period. Referring to stock’s 52-week performance, its high was $30.15, and the low was $6.39. On the whole, ZIM has fluctuated by 6.73% over the past month.
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With the market capitalization of Zim Integrated Shipping Services Ltd currently standing at about $2.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.16, with its dividend yield at 4.80%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.25B, with a low estimate of 1.89B and a high estimate of 2.06B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.99B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZIM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.04, with the price of ZIM currently trading nearly -1.46% and 6.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.20, while the 7-day volatility ratio is showing 7.56% which for the 30-day chart, stands at 5.26%. Furthermore, Zim Integrated Shipping Services Ltd (ZIM)’s beta value is 1.77, and its average true range (ATR) is 1.59.
A comparison of Zim Integrated Shipping Services Ltd (ZIM) with its peers suggests the former has fared considerably weaker in the market. ZIM showed an intraday change of -0.18% in today’s session so far, and over the past year, it grew by 250.52%%.
Data on historical trading for Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the trading volumes over the past 10 days have averaged 8.13 and over the past 3 months, they’ve averaged 6.10 million. According to company’s latest data on outstanding shares, there are 120.29 million shares outstanding.
Nearly 17.55% of Zim Integrated Shipping Services Ltd’s shares belong to company insiders and institutional investors own 46.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.75 million shares as on 2024-10-31, resulting in a short ratio of 2.12. According to the data, the short interest in Zim Integrated Shipping Services Ltd (ZIM) stood at 1353.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 15.74 million. The stock has risen by 145.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZIM stock heading into the next quarter.
