In the last trading session, 5.67 million shares of the Zim Integrated Shipping Services Ltd (NYSE:ZIM) were traded, and its beta was 1.84. Most recently the company’s share price was $19.44, and it changed around $0.66 or 3.51% from the last close, which brings the market valuation of the company to $2.34B. ZIM currently trades at a discount to its 52-week high of $26.20, offering almost -34.77% off that amount. The share price’s 52-week low was $6.39, which indicates that the current value has risen by an impressive 67.13% since then. We note from Zim Integrated Shipping Services Ltd’s average daily trading volume that its 10-day average is 8.04 million shares, with the 3-month average coming to 5.77 million.
Zim Integrated Shipping Services Ltd stock received a consensus recommendation rating of Underweight, based on a mean score of 3.71. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ZIM as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Zim Integrated Shipping Services Ltd is expected to report earnings per share of 5.81 for the current quarter.
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Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Instantly ZIM has showed a green trend with a performance of 3.51% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 24.48 on recent trading dayincreased the stock’s daily price by 20.59%. The company’s shares are currently up 96.96% year-to-date, but still down -20.07% over the last five days. On the other hand, Zim Integrated Shipping Services Ltd (NYSE:ZIM) is 19.19% up in the 30-day period. We can see from the shorts that 15.9 million shares have been sold at a short interest cover period of 2.61 day(s).
The consensus price target as assigned by Wall Street analysts is $12.5, which translates to bulls needing to decrease their stock price by -55.52% from its current value. Analyst projections state that ZIM is forecast to be at a low of $12.2 and a high of $25.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Zim Integrated Shipping Services Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 87.28 percent over the past six months and at a 321.30% annual growth rate that is well above the industry average of -2.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 433.90% in revenue this quarter, and will report an increase of 267.50% in the next quarter. The year-over-year growth rate is expected to be 42.70%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 2.29B in revenue for the current quarter. 5 analysts expect Zim Integrated Shipping Services Ltd to make 1.79B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.32B and 1.21B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 73.10%. Forecasts for the next quarter put sales growth at 48.80%.
Zim Integrated Shipping Services Ltd earnings are expected to increase by 149.82% in 2024, but the outlook is positive 47.44% per year for the next five years.
ZIM Dividends
Zim Integrated Shipping Services Ltd’s next quarterly earnings report is expected to be released on 2024-Nov-11. The annual dividend yield of the stock is 5.97 percent and its annual dividend per share was 1.16. It is important to note, however, that the 5.97% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
GREENVALE CAPITAL LLP, with 3.5827% or 4.31 million shares worth $95.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF were the top two Mutual Funds as of Aug 31, 2024 . The former held 1.57 shares worth $30.6 million, making up 1.31% of all outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held roughly 600.4 shares worth around $11.67 million, which represents about 0.50% of the total shares outstanding.
