At the time of writing, Zim Integrated Shipping Services Ltd [ZIM] stock is trading at $20.06, down -1.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ZIM shares have gain 9.62% over the last week, with a monthly amount drifted -7.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup downgraded its rating to Sell on June 06, 2024, and kept the price target unchanged to $13. On January 29, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $20 on the stock. JP Morgan downgraded its rating to a Neutral. JP Morgan upgraded its rating to a Overweight but $15.40 remained the price target by the analyst firm on September 18, 2023. JP Morgan downgraded its rating to Neutral for this stock on April 21, 2023, and downed its price target to $20.80. In a note dated February 17, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $17.60 to $30.40.
For the past year, the stock price of Zim Integrated Shipping Services Ltd fluctuated between $6.39 and $23.82. Currently, Wall Street analysts expect the stock to reach $16.57 within the next 12 months. Zim Integrated Shipping Services Ltd [NYSE: ZIM] shares were valued at $20.06 at the most recent close of the market. An investor can expect a potential drop of -17.4% 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 5.97B for trailing twelve months, which represents an 47.57% jump. Gross Profit Margin for this corporation currently stands at -0.24% with Operating Profit Margin at -0.29%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.75 and Total Capital is -0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 19.82 points at the first support level, and at 19.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.31, and for the 2nd resistance point, it is at 20.57.
Ratios To Look Out For
It is important to note that Zim Integrated Shipping Services Ltd [NYSE:ZIM] has a current ratio of 1.04. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 0.84.
Transactions by insiders
Recent insider trading involved Ben-Amram Eyal, Officer, that happened on Aug 21 ’24 when 10000.0 shares were purchased. EVP Cross Suez and Atlantic Tr, Tiran Assaf completed a deal on Aug 21 ’24 to buy 35000.0 shares.
