The stock of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) decreased by -$0.16 on Wednesday to $11.62, down -1.36 percent. The last five days have seen an average of 2,689,931 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$5.54. The average number of shares traded over the last 20 days was 2,102,798, while the average volume over the last 50 days totaled 2,604,291.
ZIM stock dropped -7.92% since last month. On 09/15/23, the company’s shares reached a one-month low of $11.00. The stock touched a high of $29.63 on 03/23/23, after rallying from a low of $11.00 in 52 weeks. The price of ZIM stock has declined by -32.40% or -$5.54 this year, reaching a new high 11 times. Still, the stock price is down -60.78% from the 52-week high.
Valuation Metrics
ZIM Integrated Shipping Services Ltd. (ZIM) has a trailing price-to-earnings (P/E) ratio of 1.07. Beta for the stock is 1.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 0.29, and the price-to-cash flow ratio of 0.50.
Company paid $6.40 per share in dividends, an increase of 116.95% from $2.95 last year. A $3.45 dividend increase was reported on Monday March 13 2023.
Financial Health
For the three months ended June 29, ZIM Integrated Shipping Services Ltd.’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.68, and the total debt to equity ratio is 1.01. As far as profitability goes, gross margin for the trailing twelve months is 27.80% percent. ZIM Integrated Shipping Services Ltd.’s EBITDA margin for the year ended June 29 was 59.53%, whereas its operating margin stood at 23.70% for the same period. Based on annual data, it had gross profit of $6.43 billion and revenue of $12.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZIM’s return on assets (ROA) during the last 12 months has been 11.40%. There was a 46.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.10%.
Earnings Surprise
According to ZIM Integrated Shipping Services Ltd.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.19 billion, while revenues rose by 10.89% to $0.0. It was predicted that ZIM Integrated Shipping Services Ltd.’s quarterly earnings would be -$1.79, but it ended up being -$0.88, beating the consensus by -103.40%. EBITDA was $253.7 million for the quarter. At the end of ZIM Integrated Shipping Services Ltd.’s most recent quarter ended June 29, its liabilities totaled 5.83 billion, while its total debt was $4.88 billion.
Technical Picture
Here’s a quick look at ZIM Integrated Shipping Services Ltd.’s (ZIM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 47.16%, suggesting the stock is Neutral, with a 35.29% historical volatility rate.
The stochastic %K and %D were 43.71% and 30.87% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 43.05%, the RSI (14) reading is 43.31%. On the 9-day MACD Oscillator, the stock is at 0.22, and the 14-day reading is at 0.09.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned ZIM Integrated Shipping Services Ltd. (ZIM) an Hold rating. ZIM is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is ZIM’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.60 and $15.40, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for ZIM Integrated Shipping Services Ltd. (ZIM) is $12.90.
