At the time of writing, Zim Integrated Shipping Services Ltd [ZIM] stock is trading at $17.80, down -1.55%. 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 5.51% over the last week, with a monthly amount drifted -17.02%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Zim Integrated Shipping Services Ltd [NYSE: ZIM] stock has seen the most recent analyst activity on October 02, 2024, when Jefferies downgraded its rating to a Hold but kept the price target unchanged to $25 for it. On June 06, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $13 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $20 on January 29, 2024. JP Morgan downgraded its rating to a Neutral. JP Morgan upgraded its rating to Overweight for this stock on September 18, 2023, but kept the price target unchanged to $15.40. In a note dated April 21, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $27 to $20.80.
For the past year, the stock price of Zim Integrated Shipping Services Ltd fluctuated between $8.73 and $29.00. Currently, Wall Street analysts expect the stock to reach $19.45 within the next 12 months. Zim Integrated Shipping Services Ltd [NYSE: ZIM] shares were valued at $17.80 at the most recent close of the market. An investor can expect a potential return of 9.27% 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 7.47B for trailing twelve months, which represents an 117.22% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.49 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.49.
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 17.54 points at the first support level, and at 17.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.27, and for the 2nd resistance point, it is at 18.74.
Ratios To Look Out For
It is important to note that Zim Integrated Shipping Services Ltd [NYSE:ZIM] has a current ratio of 1.33. In addition, the Quick Ratio stands at 1.26 and the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.55 and price to earnings (TTM) ratio is 1.49.
Transactions by insiders
Recent insider trading involved Ben-Amram Eyal, Officer, that happened on Dec 12 ’24 when 26945.0 shares were purchased. Officer, Ben-Amram Eyal completed a deal on Dec 11 ’24 to buy 3055.0 shares. Meanwhile, 10% Owner Kenon Holdings Ltd. bought 14.84 million shares on Nov 22 ’24.
