ZIM Integrated Shipping Services Ltd. [ZIM] fell -33.16% so far this year. What now?

ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] closed the trading session at $39.34 on 08/29/22. The day’s price range saw the stock hit a low of $39.34, while the highest price level was $40.86. The company report on August 26, 2022 that ZIM Updates on Withholding Tax Procedures on September 2022 Cash Dividend.

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ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, hereby updates that in connection with the dividend distribution expected to take place on September 8, 2022, as previously announced by the Company on August 17, 2022 (the “Dividend”), and in accordance with its previously obtained tax ruling (the “Ruling”) from the Israeli Tax Authority (“ITA”), certain shareholders of the Company (“Shareholders”) may be eligible to a reduced Israeli withholding tax rate with respect to their share of this Dividend, in comparison to the generally applicable withholding tax rate (the “Reduced Withholding Tax Rate”), under certain terms and conditions as set forth below. The Ruling also applies to any future dividend distributions to be made by the Company on or before December 31, 2022, if declared by the Company.

The description provided below is not intended to constitute a complete analysis of withholding tax rate procedures relating to the distribution of the Dividend, nor does it address the actual tax liability of any of the Shareholders, but merely relates to the Israeli withholding tax procedures relating to the distribution of the Dividend. Other than the Dividend previously declared by the Company to be paid on September 8, 2022, there is no guarantee the Company will declare additional dividends in the future.

The stocks have a year to date performance of -33.16 percent and weekly performance of -22.74 percent. The stock has been moved at -43.63 percent over the last six months. The stock has performed -21.04 percent around the most recent 30 days and changed -42.17 percent over the most recent 3-months.

If compared to the average trading volume of 4.56M shares, ZIM reached to a volume of 6478585 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $59.38 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 2.60. 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.

Citigroup have made an estimate for ZIM Integrated Shipping Services Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 22, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on July 21, 2022, representing the official price target for ZIM Integrated Shipping Services Ltd. stock. Previously, the target price had yet another drop from $79 to $40, while BofA Securities kept a Underperform rating on ZIM stock. On June 17, 2022, analysts increased their price target for ZIM shares from 43.60 to 53.30.

The Average True Range (ATR) for ZIM Integrated Shipping Services Ltd. is set at 2.98, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 23.42. Price to Free Cash Flow for ZIM in the course of the last twelve months was 0.78 with Quick ratio for the last quarter at 1.60.

ZIM stock trade performance evaluation

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 -22.74. With this latest performance, ZIM shares dropped by -21.04% in over the last four-week period, additionally sinking by -43.63% over the last 6 months – not to mention a drop of -19.70% 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 31.23, with the RSI for the last a single of trading hit 24.39, and the three-weeks RSI is set at 35.53 for ZIM Integrated Shipping Services Ltd. [ZIM]. The present Moving Average for the last 50 days of trading for this stock 47.87, while it was recorded at 45.22 for the last single week of trading, and 58.82 for the last 200 days.

ZIM Integrated Shipping Services Ltd. [ZIM]: An insightful look at the core 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 1.60 and a Current Ratio set at 1.60.

ZIM Integrated Shipping Services Ltd. [ZIM]: Insider Ownership positions

There are presently around $2,035 million, or 44.10% 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 4,747,894, which is approximately -0.524% of the company’s market cap and around 33.98% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 3,768,555 shares of the stock with an approximate value of $148.25 million in ZIM stocks shares; and BLACKROCK INC., currently with $128.49 million in ZIM stock with ownership of nearly 296.259% of the company’s market capitalization.

Positions in ZIM Integrated Shipping Services Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 195 institutional holders increased their position in ZIM Integrated Shipping Services Ltd. [NYSE:ZIM] by around 16,109,393 shares. Additionally, 150 investors decreased positions by around 11,237,619 shares, while 17 investors held positions by with 24,374,497 shares. The mentioned changes placed institutional holdings at 51,721,509 shares, according to the latest SEC report filing. ZIM stock had 87 new institutional investments in for a total of 4,876,803 shares, while 88 institutional investors sold positions of 4,688,753 shares during the same period.


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