Investors may find better financial performance in ZIM Integrated Shipping Services Ltd. (ZIM)

A share price of ZIM Integrated Shipping Services Ltd. [ZIM] is currently trading at $18.79, up 2.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ZIM shares have gain 10.46% over the last week, with a monthly amount glided 10.59%, and seem to be holding up well over a long-time horizon.

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On 10, January 2023, 40Seas, a New Fintech Platform Designed to Modernize Cross-Border Trade Financing, Secures Funding of $111 Million from ZIM and Team8. In a post published today on Yahoo Finance, Funding equity round, led by Team8 with participation from ZIM, comes as fintech startup emerges from stealth mode to close the $1.7 trillion global trade finance gap.

From an analyst’s perspective:

ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] stock has seen the most recent analyst activity on August 22, 2022, when Citigroup downgraded its rating to a Neutral. Previously, Jefferies started tracking the stock with Hold rating on July 21, 2022, and set its price target to $55. On July 01, 2022, downgrade downgraded it’s rating to Underperform and revised its price target to $40 on the stock. JP Morgan upgraded its rating to a Neutral and increased its price target to $53.30 on June 17, 2022. JP Morgan initiated its recommendation with a Underweight and recommended $46.02 as its price target on September 22, 2021. In a note dated February 23, 2021, Citigroup initiated an Buy rating and iterated a target price of $28 on this stock.

ZIM Integrated Shipping Services Ltd. experienced fluctuations in its stock price throughout the past year between $16.23 and $91.23. Currently, Wall Street analysts expect the stock to reach $19.43 within the next 12 months. ZIM Integrated Shipping Services Ltd. [NYSE: ZIM] shares were valued at $18.79 at the most recent close of the market. An investor can expect a potential return of 3.41% based on the average ZIM price forecast.

Analyzing the ZIM fundamentals

During the last quarter, ZIM Integrated Shipping Services Ltd. [NYSE:ZIM] saw sales of 3.23 billion, an improvement of 2.90%. Gross Margin for this corporation currently stands at +56.33% with Operating Margin at +54.02%, Pretax Margin comes in at +52.71%, and Net Margin reading is +43.25%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.17 points at the first support level, and at 17.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.31, and for the 2nd resistance point, it is at 19.84.

ZIM Integrated Shipping Services Ltd. [ZIM] reported earnings per share of $11.07 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $12.84/share, meaning a difference of -$1.77 and a surprise factor of -13.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $14.19 per share as compared to estimates of $12.53 per share, a difference of $1.66 representing a surprise of 13.20%.

Ratios To Look Out For

A current ratio of 1.60 is a noteworthy aspect of ZIM Integrated Shipping Services Ltd. [NYSE:ZIM]. In addition, the Quick Ratio stands at 1.80 and the Cash Ratio stands at 1.34. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.53 and the P/E (TTM) ratio is 0.38.