Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares, rose in value on Thursday, December 12, with the stock price up by 3.66% to the previous day’s close as strong demand from buyers drove the stock to $19.80.
Actively observing the price movement in the last trading, the stock closed the session at $19.10, falling within a range of $18.76 and $19.84. The value of beta (5-year monthly) was 1.786 whereas the PE ratio was 1.66 over 12-month period. Referring to stock’s 52-week performance, its high was $29.00, and the low was $6.70. On the whole, ZIM has fluctuated by -14.83% over the past month.
With the market capitalization of Zim Integrated Shipping Services Ltd currently standing at about $2.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 3.93, with its dividend yield at 19.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.28B, 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 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0.03, with the price of ZIM currently trading nearly -9.48% and -8.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.45, while the 7-day volatility ratio is showing 5.83% which for the 30-day chart, stands at 6.47%. Furthermore, Zim Integrated Shipping Services Ltd (ZIM)’s beta value is 1.71, and its average true range (ATR) is 1.40.
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 3.66% in last session, and over the past year, it grew by 182.37%%.
Data on historical trading for Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the trading volumes over the past 10 days have averaged 7.87 and over the past 3 months, they’ve averaged 6.97 million. According to company’s latest data on outstanding shares, there are 120.39 million shares outstanding.
Nearly 17.55% of Zim Integrated Shipping Services Ltd’s shares belong to company insiders and institutional investors own 46.86% 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 108.56% 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.
