Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares, rose in value on Thursday, February 13, with the stock price down by -0.66% to the previous day’s close as strong demand from buyers drove the stock to $19.68.
Actively observing the price movement in the last trading, the stock closed the session at $19.81. The PE ratio was 1.65 over 12-month period. Referring to stock’s 52-week performance, its high was $29.00, and the low was $8.73. On the whole, ZIM has fluctuated by 8.91% over the past month.
With the market capitalization of Zim Integrated Shipping Services Ltd currently standing at about $2.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 3.97, with its dividend yield at 20.17%.
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 2.07B. 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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.02, with the price of ZIM currently trading nearly 10.26% and 2.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.80, while the 7-day volatility ratio is showing 5.90% which for the 30-day chart, stands at 5.28%. Furthermore, Zim Integrated Shipping Services Ltd (ZIM)’s beta value is 1.65, and its average true range (ATR) is 1.11.
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 -0.66% in last session, and over the past year, it grew by 68.95%%.
Data on historical trading for Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the trading volumes over the past 3 months, they’ve averaged 6.60 million. According to company’s latest data on outstanding shares, there are 120.39 million shares outstanding.
Nearly 1.08% of Zim Integrated Shipping Services Ltd’s shares belong to company insiders and institutional investors own 50.27% of the company’s shares. The stock has fallen by -8.34% 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.
