The trading price of Zim Integrated Shipping Services Ltd (NYSE:ZIM) floating lower at last check on current market day and closing at $17.35, -1.03% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 0.89. In examining the 52-week price action we see that the stock hit a 52-week high of $29.00 and a 52-week low of $11.03. Over the past month, the stock has gained 19.90% in value.
Zim Integrated Shipping Services Ltd, whose market valuation is $2.09 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 40.90%, while its Forward Dividend ratio is 7.10. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ZIM has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ZIM a recommendation rating is 4. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Zim Integrated Shipping Services Ltd (ZIM) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ZIM’s price is currently 4.54% off the SMA20 and 12.41% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.13, and weekly volatility stands at 2.21%. When measured over the past 30 days, the indicator reaches 4.99%. Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s beta value is currently sitting at 1.75, while the Average True Range indicator is currently displaying 0.99. With analysts defining $12.2-$25 as the low and high price targets, we arrive at a consensus price target of $13.9 for the trailing 12-month period. The current price is about 29.68% off the estimated low and -44.09% off the forecast high, based on this estimate. Investors will be thrilled if ZIM’s share price rises to $13.9, which is the median consensus price. At that level, ZIM’s share price would be 19.88% above current price.
To see how Zim Integrated Shipping Services Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: ZIM stock’s performance was -1.03% at last check in today’s session, and -7.07% in the past year. Zim Integrated Shipping Services Ltd has a P/E ratio of 0.89.
An evaluation of the daily trading volume of Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the 3-month average is 7.21 million.
Currently, records show that 120.46 million of the company’s shares remain outstanding. The insiders hold 1.07% of outstanding shares, whereas institutions hold 48.41%. However, since the stock’s price has seen -19.19% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
