Zim Integrated Shipping Services Ltd (NYSE:ZIM) price on current trading day, fall -1.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.61.
A look at the stock’s price movement, the level at last check in today’s session was $18.88, moving within a range at $17.87 and $18.7. The beta value (5-Year monthly) was 1.624 while the PE ratio in trailing twelve months stood at 1.04. Turning to its 52-week performance, $29.00 and $8.73 were the 52-week high and 52-week low respectively. Overall, ZIM moved -9.18% over the past month.
Zim Integrated Shipping Services Ltd’s market cap currently stands at around $2.24 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-11. The company has a Forward Dividend ratio of 3.93, with its dividend yield at 21.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.84B for the company’s revenue for the quarter, with a low and high estimate of 1.82B and 1.86B respectively. The average forecast suggests up to a 17.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.64B, representing a -21.18% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZIM is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend ZIM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ZIM’s current price about -6.25% and -2.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.00, while 7-day volatility ratio is 5.45% and 5.95% in the 30-day chart. Further, Zim Integrated Shipping Services Ltd (ZIM) has a beta value of 1.63, and an average true range (ATR) of 1.13. Analysts have given the company’s stock an average 52-week price target of $13.9, forecast between a low of $13.9 and high of $13.9. Looking at the price targets, the low is 25.31% off recent price level in today’s trading while to achieve the yearly target high, it has to move 25.31%. Nonetheless, investors will most likely welcome a 25.31% jump to $13.9 which is the analysts’ median price.
If we refocus on Zim Integrated Shipping Services Ltd (NYSE:ZIM), historical trading data shows that trading volumes averaged 9.03 over the past 10 days and 5.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 120.42 million shares.
The 1.07% of Zim Integrated Shipping Services Ltd’s shares are in the hands of company insiders while institutional holders own 52.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.42 million on 2025-02-28, giving us a short ratio of 2.92. The data shows that as of 2025-02-28 short interest in Zim Integrated Shipping Services Ltd (ZIM) stood at 1530.0 of shares outstanding, with shares short falling to 16.67 million registered in 2025-01-31. Current price change has pushed the stock -13.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZIM stock continues to rise going into the next quarter.
