ZIM Integrated Shipping Services Ltd. [ZIM] is -58.34% lower this YTD. Is it still time to buy?

ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] gained 0.45% or 0.11 points to close at $24.52 with a heavy trading volume of 3954514 shares. The company report on August 31, 2022 that ZIM Announces Large-Scale Long-Term LNG Bunkering Agreement with Shell.

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ZIM to Operate First LNG Fueled Vessels in Asia to USEC Trade.

It opened the trading session at $25.00, the shares rose to $25.61 and dropped to $24.02, the range by which the price of stock traded the whole day. The daily chart for ZIM points out that the company has recorded -59.27% loss over the past six months. However, it is still -7.64% lower than its most recent low trading price.

If we look at the average trading volume of 4.71M shares, ZIM reached to a volume of 3954514 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $43.34 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 2.90. 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 1.63, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 26.34. Price to Free Cash Flow for ZIM in the course of the last twelve months was 0.43 with Quick ratio for the last quarter at 1.60.

Trading performance analysis for ZIM stock

ZIM Integrated Shipping Services Ltd. [ZIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.34. With this latest performance, ZIM shares dropped by -14.68% in over the last four-week period, additionally sinking by -59.27% over the last 6 months – not to mention a drop of -46.61% 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 37.53, with the RSI for the last a single of trading hit 41.67, and the three-weeks RSI is set at 35.60 for ZIM Integrated Shipping Services Ltd. [ZIM]. The present Moving Average for the last 50 days of trading for this stock 34.37, while it was recorded at 25.23 for the last single week of trading, and 54.36 for the last 200 days.

ZIM Integrated Shipping Services Ltd. [ZIM]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at ZIM Integrated Shipping Services Ltd. [ZIM]

There are presently around $1,275 million, or 45.00% 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 33.42% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 3,768,555 shares of the stock with an approximate value of $92.41 million in ZIM stocks shares; and BLACKROCK INC., currently with $80.09 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 November and at the time of the November reporting period, where 192 institutional holders increased their position in ZIM Integrated Shipping Services Ltd. [NYSE:ZIM] by around 16,583,575 shares. Additionally, 146 investors decreased positions by around 11,216,260 shares, while 21 investors held positions by with 24,200,959 shares. The mentioned changes placed institutional holdings at 52,000,794 shares, according to the latest SEC report filing. ZIM stock had 85 new institutional investments in for a total of 4,910,800 shares, while 86 institutional investors sold positions of 4,672,974 shares during the same period.


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