Zim Integrated Shipping Services Ltd (NYSE:ZIM) has a beta value of 1.80 and has seen 3.19 million shares traded in the last trading session. The company, currently valued at $1.11B, closed the last trade at $9.25 per share which meant it lost -$0.29 on the day or -3.04% during that session. The ZIM stock price is -171.57% off its 52-week high price of $25.12 and 30.92% above the 52-week low of $6.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.07 million shares traded. The 3-month trading volume is 8.42 million shares.
Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Sporting -3.04% in the red in last session, the stock has traded in the red over the last five days, when the ZIM stock price touched $9.25 or saw a rise of 15.91%. Year-to-date, Zim Integrated Shipping Services Ltd shares have moved -6.28%, while the 5-day performance has seen it change -20.67%. Over the past 30 days, the shares of Zim Integrated Shipping Services Ltd (NYSE:ZIM) have changed -26.65%. Short interest in the company has seen 27.84 million shares shorted with days to cover at 4.16.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Figures show that Zim Integrated Shipping Services Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -19.91% over the past 6 months, with this year growth rate of 128.60%, compared to 4.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 240.00% and 79.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of $1.48 billion for the current quarter. 3 have an estimated revenue figure of $1.44 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.37 billion and $1.31 billion respectively for this quarter and the next, and analysts expect sales will grow by 8.00% for the current quarter and 10.10% for the next.
ZIM Dividends
Zim Integrated Shipping Services Ltd is expected to release its next earnings report on March 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 6.40 at a share yield of 69.19%. The company’s dividend yield has gone up over the past 12 months.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
Insiders own 20.65% of the company shares, while shares held by institutions stand at 22.90% with a share float percentage of 28.86%. Investors are also buoyed by the number of investors in a company, with Zim Integrated Shipping Services Ltd having a total of 259 institutions that hold shares in the company. The top two institutional holders are Menora Mivtachim Holdings Ltd. with over 2.69 million shares worth more than $33.34 million. As of Jun 29, 2023, Menora Mivtachim Holdings Ltd. held 2.24% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.17 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $26.92 million and represent 1.81% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF. As of Sep 29, 2023, the former fund manager holds about 0.62% shares in the company for having 0.74 million shares of worth $7.78 million while later fund manager owns 0.68 million shares of worth $8.22 million as of Aug 30, 2023, which makes it owner of about 0.57% of company’s outstanding stock.
