In recent trading session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) saw 1.66 million shares changing hands at last check today with its beta currently measuring 1.72. Company’s recent per share price level of $22.37 trading at $0.27 or 1.24% at last check today assigns it a market valuation of $2.69B. That most recent trading price of ZIM’s stock is at a discount of -34.78% from its 52-week high price of $30.15 and is indicating a premium of 71.43% from its 52-week low price of $6.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.82 million shares which gives us an average trading volume of 6.43 million if we extend that period to 3-months.
For Zim Integrated Shipping Services Ltd (ZIM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.88. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 3.19 in the current quarter.
Zim Integrated Shipping Services Ltd (NYSE:ZIM) trade information
Upright in the green today for gaining 1.24%, in the last five days ZIM remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $22.37 price level, adding 10.52% to its value on the day. Zim Integrated Shipping Services Ltd’s shares saw a change of 126.69% in year-to-date performance and have moved -7.66% in past 5-day. Zim Integrated Shipping Services Ltd (NYSE:ZIM) showed a performance of 3.11% in past 30-days. Number of shares sold short was 12.75 million shares which calculate 2.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13.9 to the stock, which implies a fall of -60.94% to its recent value today. Analysts have been projecting 12.2 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 45.46% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.46% for stock’s current value.
Zim Integrated Shipping Services Ltd (ZIM) estimates and forecasts
Statistics highlight that Zim Integrated Shipping Services Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.73% of value to its shares in past 6 months, showing an annual growth rate of 429.59% while that of industry is -9.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 59.80% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.99B for the same. And 2 analysts are in estimates of company making revenue of 1.7B in the next quarter. Company posted 1.21B and 1.56B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 161.62% while estimates for its earnings growth in next 5 years are of 28.41%.
Zim Integrated Shipping Services Ltd (NYSE:ZIM)’s Major holders
D. E. SHAW & CO., INC. is the top institutional holder at ZIM for having 4.85 million shares of worth $107.43 million. And as of 2024-06-30, it was holding 4.0279 of the company’s outstanding shares.
The second largest institutional holder is GREENVALE CAPITAL LLP, which was holding about 4.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.5827 of outstanding shares, having a total worth of $95.56 million.
On the other hand, Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.63 shares of worth $37.0 million or 1.36% of the total outstanding shares. The later fund manager was in possession of 608.76 shares on Sep 30, 2024 , making its stake of worth around $13.79 million in the company or a holder of 0.51% of company’s stock.
