Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares, rose in value, with the stock price up by 0.27% to the previous day’s close as strong demand from buyers drove the stock to $11.22.
Actively observing the price movement in the last trading, the stock closed the session at $11.19. The value of beta (5-year monthly) was 1.79. Referring to stock’s 52-week performance, its high was $21.89, and the low was $6.39. On the whole, ZIM has fluctuated by 3.89% over the past month.
With the market capitalization of Zim Integrated Shipping Services Ltd currently standing at about $1.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 13, 2024. The company’s Forward Dividend Ratio is 6.40, with its dividend yield at 57.04%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.52, which is expected to increase to $2.01 for fiscal year -$1.05 and then to about -$4.35 by fiscal year 2025. Data indicates that the EPS growth is expected to be 95.30% in 2025, while the next year’s EPS growth is forecast to be -314.30%.
Analysts have estimated the company’s revenue for the quarter at $1.58 billion, with a low estimate of $1.42 billion and a high estimate of $1.83 billion. According to the average forecast, sales growth in current quarter could jump up 14.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.71 billion, representing an increase of 10.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ZIM currently trading nearly 9.64% and -4.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.67, while the 7-day volatility ratio is showing 5.75% which for the 30-day chart, stands at 5.27%. Furthermore, Zim Integrated Shipping Services Ltd (ZIM)’s beta value is 1.73, and its average true range (ATR) is 0.60.
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 0.27% in last session, and over the past year, it shrunk by -52.19%%.
Data on historical trading for Zim Integrated Shipping Services Ltd (NYSE:ZIM) indicates that the trading volumes over the past 10 days have averaged 3.17 million and over the past 3 months, they’ve averaged 7.25 million. According to company’s latest data on outstanding shares, there are 120.29 million shares outstanding.
Nearly 21.74% of Zim Integrated Shipping Services Ltd’s shares belong to company insiders and institutional investors own 22.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.22 million shares as on Mar 15, 2024, resulting in a short ratio of 5.23. According to the data, the short interest in Zim Integrated Shipping Services Ltd (ZIM) stood at 24.29% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 26.52 million. The stock has risen by 13.68% 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.
