Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares, rose in value on Thursday, May 08, with the stock price up by 4.78% to the previous day’s close as strong demand from buyers drove the stock to $14.25.
Actively observing the price movement in the last trading, the stock closed the session at $13.60. The PE ratio was 0.80 over 12-month period. Referring to stock’s 52-week performance, its high was $29.00, and the low was $11.03. On the whole, ZIM has fluctuated by 21.69% over the past month.
With the market capitalization of Zim Integrated Shipping Services Ltd currently standing at about $1.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 7.14, with its dividend yield at 50.11%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.43B, with a low estimate of 1.82B and a high estimate of 1.86B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.84B.
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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ZIM currently trading nearly 1.35% and -10.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.49, while the 7-day volatility ratio is showing 5.98% which for the 30-day chart, stands at 6.30%. Furthermore, Zim Integrated Shipping Services Ltd (ZIM)’s beta value is 1.74, and its average true range (ATR) is 0.95.
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 4.78% in last session, and over the past year, it grew by 10.39%%.
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 6.58 million. According to company’s latest data on outstanding shares, there are 120.42 million shares outstanding.
Nearly 1.07% of Zim Integrated Shipping Services Ltd’s shares belong to company insiders and institutional investors own 52.59% of the company’s shares. The stock has fallen by -33.63% 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.
