Zim Integrated Shipping Services Ltd [NYSE: ZIM] surged by $0.53 during the normal trading session on while it closed the day at $9.78. The company report on March 13, 2024 at 7:00 AM that ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023.
Full Year 2023 Revenue of $5,162 Million and Net Loss of $2,688 Million1.
Adjusted EBITDA and Adjusted EBIT in Line with Guidance: Adjusted EBITDA2 of $1,049 Million and Adjusted EBIT2 Loss of $422 Million.
Zim Integrated Shipping Services Ltd stock has also loss -2.88% of its value over the past 7 days. However, ZIM stock has inclined by 0.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.98% and lost -0.91% year-on date.
The market cap for ZIM stock reached $1.18 billion, with 120.29 million shares outstanding and 95.43 million shares in the current float. Compared to the average trading volume of 8.34M shares, ZIM reached a trading volume of 3523565 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 $9.72 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 3.38. 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.
Jefferies have made an estimate for Zim Integrated Shipping Services Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 29, 2024. The new note on the price target was released on November 17, 2023, representing the official price target for Zim Integrated Shipping Services Ltd stock. Previously, the target price had yet another raise to $15.40, while JP Morgan analysts kept a Overweight rating on ZIM stock. On April 21, 2023, analysts decreased their price target for ZIM shares from 27 to 20.80.
The Average True Range (ATR) for Zim Integrated Shipping Services Ltd is set at 0.71, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 14.92. Price to Free Cash Flow for ZIM in the course of the last twelve months was 2.33 with Quick ratio for the last quarter at 0.95.
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 -2.88. With this latest performance, ZIM shares dropped by -22.81% in over the last four-week period, additionally sinking by -16.98% over the last 6 months – not to mention a drop of -56.84% 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 37.67, with the RSI for the last a single of trading hit 37.00, and the three-weeks RSI is set at 40.22 for Zim Integrated Shipping Services Ltd [ZIM]. The present Moving Average for the last 50 days of trading for this stock 12.33, while it was recorded at 9.46 for the last single week of trading, and 11.29 for the last 200 days.
Zim Integrated Shipping Services Ltd [ZIM]: An insightful look at the core fundamentals
Zim Integrated Shipping Services Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.02.
Earnings per share (EPS) analysis for Zim Integrated Shipping Services Ltd [ZIM] stock
With the latest financial reports released by the company, Zim Integrated Shipping Services Ltd posted -0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZIM.
Zim Integrated Shipping Services Ltd [ZIM]: Institutional Ownership
The top three institutional holders of ZIM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ZIM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ZIM stock with ownership which is approximately 5.8325%.
