Zim Integrated Shipping Services Ltd (NYSE:ZIM) price closed lower on current market day and dropping -2.01% below its previous close.
A look at the daily price movement shows that the last close reads $17.38. The company’s P/E ratio in the trailing 12-month period read 0.87. Taking into account the 52-week price action we note that the stock hit a 52-week high of $29.00 and 52-week low of $11.03. The stock added 19.34% on its value in the past month.
Zim Integrated Shipping Services Ltd, which has a market valuation of $2.05 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 7.61, while the dividend yield is 44.71%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned ZIM a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Zim Integrated Shipping Services Ltd (ZIM) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ZIM’s price is at present -3.52% off the SMA20 and 9.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.58, with weekly volatility standing at 2.70%. The indicator jumps to 3.12% when calculated based on the past 30 days. Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s beta value is holding at 1.75, while the average true range (ATR) indicator is currently reading 0.81. Considering analysts have assigned the stock a price target range of $12.2-$25 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.9. Based on this estimate, we see that current price is roughly 28.36% off the estimated low and -46.8% off the forecast high. Investors will no doubt be excited to see the share price rise to $13.9, which is the median consensus price, and at that level ZIM would be 18.38% from current price.
Current records show that the company has 120.46M in outstanding shares. The insiders’ percentage holdings are 1.18% of outstanding shares while the percentage share held by institutions stands at 48.41%. But the -20.68% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
