As of Friday close, ZIM Integrated Shipping Services Ltd.’s (NYSE:ZIM) stock was up $0.31, moving up 2.79 percent to $11.42. The average number of shares traded per day over the past five days has been 2,670,220 shares. 1 time new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 2,212,030, while in the previous 50 days, it was 2,546,686.
Since last month, ZIM stock retreated -7.75%. Shares of the company fell to $11.00 on 09/15/23, the lowest level in the past month. A 52-week high of $29.38 was reached on 03/23/23 after having rallying from a 52-week low of $11.00. Since the beginning of this year, ZIM’s stock price has dropped by -33.57% or -$5.77, and marked a new high 11 times. However, the stock has declined by -61.13% since its 52-week high.
Valuation Metrics
Right now, ZIM Integrated Shipping Services Ltd. (ZIM) has a P/E ratio of about 1.06. The stock’s beta is 1.93. Besides these, the trailing price-to-sales (P/S) ratio of 0.17, the price-to-book (PB) ratio of 0.28, and the price-to-cash flow ratio of 0.49 may also be considered.
The latest dividend of $6.40 per share was paid out, which is 116.95% more than last year’s $2.95. On Monday March 13 2023, a $3.45 dividend increase was announced.
Financial Health
In the three months ended June 29, ZIM Integrated Shipping Services Ltd.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.68, and the total debt-to-equity ratio was 1.01. On the profitability front, the trailing twelve-month gross margin is 27.80% percent. In the year ended June 29, EBITDA margin amounted to 59.53%, whereas operating margins totaled 23.70%. Based on annual data, ZIM earned $6.43 billion in gross profit and brought in $12.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 46.30%. Return on equity (ROE) for the past 12 months was 24.10%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZIM’s revenue rose 10.89% during the quarter, while net income inched up to $11.19 billion. While analysts expected ZIM Integrated Shipping Services Ltd. to report -$0.88 quarterly earnings, the actual figure was -$1.79 per share, beating the consensus estimate by -103.40%. During the quarter, the company generated $253.7 million in EBITDA. The liabilities of ZIM Integrated Shipping Services Ltd. were 5.83 billion at the end of its most recent quarter ended June 29, and its total debt was $4.88 billion.
Technical Picture
This quick technical analysis looks at ZIM Integrated Shipping Services Ltd.’s (ZIM) price momentum. With a historical volatility rate of 43.73%, the RSI 9-day stood at 44.98% on 22 September.
With respect to its five-day moving average, the current ZIM Integrated Shipping Services Ltd. price is up by +3.82% percent or $0.42. At present, ZIM shares trade -6.24% below its 20-day simple moving average and -32.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.64% below its SMA50 and -41.65% below its SMA200.
Stochastic coefficient K was 23.89% and Stochastic coefficient D was 30.63%, while ATR was 0.49. Given the Stochastic reading of 35.90% for the 14-day period, the RSI (14) reading has been calculated as 42.36%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.11.
Analyst Ratings
JP Morgan upgraded its rating on ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) to an Overweight in a note to investors on September 18, 2023. The analysts firm previously had a Neutral rating on the stock.ZIM Integrated Shipping Services Ltd. (ZIM) has been rated Hold by analysts. According to 1 brokerage firm, ZIM is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate ZIM Integrated Shipping Services Ltd. stock as buy, with 1 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.60 – $15.40. Based on these forecasts, analysts predict ZIM Integrated Shipping Services Ltd. (ZIM) will achieve an average price target of $12.90.
