ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s traded shares stood at 5.01 million during the last session. At the close of trading, the stock’s price was $24.53, to imply an increase of 1.91% or $0.46 in intraday trading. The ZIM share’s 52-week high remains $91.23, putting it -271.91% down since that peak but still an impressive 33.84% since price per share fell to its 52-week low of $16.23. The company has a valuation of $3.04B, with an average of 6.08 million shares in intraday trading volume over the past 10 days and average of 4.43 million shares over the past 3 months.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) trade information
After registering a 1.91% upside in the last session, ZIM Integrated Shipping Services Ltd. (ZIM) has traded red over the past five days. The stock hit a weekly high of 24.67 this Thursday, 03/16/23, jumping 1.91% in its intraday price action. The 5-day price performance for the stock is 21.26%, and 15.71% over 30 days. With these gigs, the year-to-date price performance is 42.70%. Short interest in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw shorts transact 18.58 million shares and set a 3.92 days time to cover.
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ZIM Integrated Shipping Services Ltd. (ZIM) estimates and forecasts
Looking at statistics comparing ZIM Integrated Shipping Services Ltd. share performance against respective industry, we note that the company has underperformed competitors. ZIM Integrated Shipping Services Ltd. (ZIM) shares are -22.20% down over the last 6 months, with its year-to-date growth rate lower than industry average at -104.09% against -12.40%. Revenue is forecast to shrink -99.50% this quarter before falling -101.40% for the next one. The rating firms project that company’s revenue will shrink -47.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $1.6 billion. Meanwhile, for the quarter ending Jun 2023, a total of 3 analyst(s) estimate revenue growth to $1.56 billion.Earnings reports from the last fiscal year show that sales brought in $3.72 billion and $3.43 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -56.90% before dropping -54.60% in the following quarter.
ZIM Integrated Shipping Services Ltd. has its next earnings report out between May 15 and May 19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ZIM Integrated Shipping Services Ltd. has a forward dividend ratio of 30.05, with the share yield ticking at 122.50% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s Major holders
ZIM Integrated Shipping Services Ltd. insiders hold 21.99% of total outstanding shares, with institutional holders owning 33.60% of the shares at 43.07% float percentage. In total, 33.60% institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2022, the company held over 3.54 million shares (or 2.95% of shares), all amounting to roughly $86.95 million.
The next major institution holding the largest number of shares is Arrowstreet Capital, Limited Partnership with 3.21 million shares, or about 2.67% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $78.66 million.
We also have iShares Core MSCI EAFE ETF and Vanguard Whitehall Funds-High Dividend Yield Index Fund as the top two Mutual Funds with the largest holdings of the ZIM Integrated Shipping Services Ltd. (ZIM) shares. Going by data provided on Dec 30, 2022, iShares Core MSCI EAFE ETF holds roughly 0.43 million shares. This is just over 0.36% of the total shares, with a market valuation of $10.61 million. Data from the same date shows that the other fund manager holds a little less at 0.36 million, or 0.30% of the shares, all valued at about 8.76 million.