Zim Integrated Shipping Services Ltd [NYSE: ZIM] traded at a high on Monday, posting a 4.19 gain after which it closed the day’ session at $13.42.
The results of the trading session contributed to over 6908756 shares changing hands. Over the past one week, the price volatility of Zim Integrated Shipping Services Ltd stands at 5.77% while the volatility over the past one month is 5.58%.
The market cap for ZIM stock reached $1.61 billion, with 120.29 million shares outstanding and 94.19 million shares in the current float. Compared to the average trading volume of 4.45M shares, ZIM reached a trading volume of 6908756 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $9.36 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 3.43. 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 0.69, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 0.66, 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 3.20 with Quick ratio for the last quarter at 0.95.
How has ZIM stock performed recently?
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 2.68. With this latest performance, ZIM shares gained by 20.25% in over the last four-week period, additionally plugging by 63.26% over the last 6 months – not to mention a drop of -17.92% 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 66.36, with the RSI for the last a single of trading hit 69.63, and the three-weeks RSI is set at 62.80 for Zim Integrated Shipping Services Ltd [ZIM]. The present Moving Average for the last 50 days of trading for this stock 11.00, while it was recorded at 13.09 for the last single week of trading, and 10.98 for the last 200 days.
Zim Integrated Shipping Services Ltd [ZIM]: Deeper insight into the 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.
Insider trade positions for Zim Integrated Shipping Services Ltd [ZIM]
The top three institutional holders of ZIM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ZIM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ZIM stock with ownership which is approximately 5.8386%.
