ZIM Integrated Shipping Services Ltd. [ZIM] Is Currently 3.01 below its 200 Period Moving Avg: What Does This Mean?


ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] stock went on an upward path that rose over 3.01% on Monday, amounting to a one-week price decrease of less than -1.64%. The company report on March 30, 2022 that ZIM Announces New Chartering Transaction for Six 5,500 TEU Wide Beam Newbuild Vessels.

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Over the last 12 months, ZIM stock rose by 88.19%. The one-year ZIM Integrated Shipping Services Ltd. stock forecast points to a potential upside of 36.76. The average equity rating for ZIM stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.90 billion, with 119.74 million shares outstanding and 78.16 million shares in the current float. Compared to the average trading volume of 4.96M shares, ZIM stock reached a trading volume of 5374667 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on ZIM Integrated Shipping Services Ltd. [ZIM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZIM shares is $89.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZIM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for ZIM Integrated Shipping Services Ltd. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 22, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on June 16, 2021, representing the official price target for ZIM Integrated Shipping Services Ltd. stock. Previously, the target price had yet another raise to $28, while Citigroup analysts kept a Buy rating on ZIM stock.

The Average True Range (ATR) for ZIM Integrated Shipping Services Ltd. is set at 4.04, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 1.48, with the Price to Cash per share for the same quarter was set at 30.37. Price to Free Cash Flow for ZIM in the course of the last twelve months was 1.22 with Quick ratio for the last quarter at 1.80.

ZIM Stock Performance Analysis:

ZIM Integrated Shipping Services Ltd. [ZIM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.64. With this latest performance, ZIM shares dropped by -34.64% in over the last four-week period, additionally plugging by 29.42% over the last 6 months – not to mention a rise of 88.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZIM stock in for the last two-week period is set at 34.30, with the RSI for the last a single of trading hit 31.13, and the three-weeks RSI is set at 37.93 for ZIM Integrated Shipping Services Ltd. [ZIM]. The present Moving Average for the last 50 days of trading for this stock 70.72, while it was recorded at 55.62 for the last single week of trading, and 55.83 for the last 200 days.

Insight into ZIM Integrated Shipping Services Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and ZIM Integrated Shipping Services Ltd. [ZIM] shares currently have an operating margin of +54.02 and a Gross Margin at +56.33. ZIM Integrated Shipping Services Ltd.’s Net Margin is presently recorded at +43.25.

Return on Equity for this stock inclined to 190.99, with Return on Assets sitting at 73.27.

ZIM Integrated Shipping Services Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

ZIM Integrated Shipping Services Ltd. [ZIM] Insider Position Details

There are presently around $2,555 million, or 38.40% of ZIM stock, in the hands of institutional investors. The top three institutional holders of ZIM stocks are: ACADIAN ASSET MANAGEMENT LLC with ownership of 4,762,800, which is approximately 4.573% of the company’s market cap and around 33.84% of the total institutional ownership; HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD., holding 3,065,096 shares of the stock with an approximate value of $169.1 million in ZIM stocks shares; and DEUTSCHE BANK AG, currently with $158.47 million in ZIM stock with ownership of nearly -79.815% of the company’s market capitalization.

Positions in ZIM Integrated Shipping Services Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 134 institutional holders increased their position in ZIM Integrated Shipping Services Ltd. [NYSE:ZIM] by around 11,879,317 shares. Additionally, 62 investors decreased positions by around 18,483,622 shares, while 9 investors held positions by with 15,950,893 shares. The mentioned changes placed institutional holdings at 46,313,832 shares, according to the latest SEC report filing. ZIM stock had 63 new institutional investments in for a total of 2,834,619 shares, while 24 institutional investors sold positions of 1,260,357 shares during the same period.