At the time of writing, Zim Integrated Shipping Services Ltd [ZIM] stock is trading at $10.67, up 5.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZIM shares have gain 11.38% over the last week, with a monthly amount drifted -10.41%, and not seem to be holding up well over a long-time horizon.
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On 13, March 2024, ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023. In a post published today on Yahoo Finance, Full Year 2023 Revenue of $5,162 Million and Net Loss of $2,688 Million1.
From an analyst’s perspective:
Zim Integrated Shipping Services Ltd [NYSE: ZIM] stock has seen the most recent analyst activity on January 29, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $20 from $14. Previously, JP Morgan downgraded its rating to Neutral on November 17, 2023. On September 18, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $15.40 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $20.80 on April 21, 2023. JP Morgan upgraded its rating to a Overweight and raised its price target to $30.40 on February 17, 2023. Barclays downgraded its rating to Underweight for this stock on February 13, 2023, and downed its price target to $15. In a note dated August 22, 2022, Citigroup downgraded an Neutral rating on this stock.
For the past year, the stock price of Zim Integrated Shipping Services Ltd fluctuated between $6.39 and $24.35. Currently, Wall Street analysts expect the stock to reach $41.5 within the next 12 months. Zim Integrated Shipping Services Ltd [NYSE: ZIM] shares were valued at $10.67 at the most recent close of the market. An investor can expect a potential return of 288.94% based on the average ZIM price forecast.
Analyzing the ZIM fundamentals
According to Zim Integrated Shipping Services Ltd [NYSE:ZIM], the company’s sales were 5.16B for trailing twelve months, which represents an -44.94% plunge. Gross Profit Margin for this corporation currently stands at -0.43% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.54%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.72 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
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 10.23 points at the first support level, and at 9.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.93, and for the 2nd resistance point, it is at 11.19.
Zim Integrated Shipping Services Ltd [ZIM] reported earnings per share of -$1.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.29/share, meaning a difference of $0.06 and a surprise factor of 4.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.74 per share as compared to estimates of -$1.3 per share, a difference of -$0.44 representing a surprise of -33.80%.
Ratios To Look Out For
It is important to note that Zim Integrated Shipping Services Ltd [NYSE:ZIM] has a current ratio of 1.02. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.52.
