Investors Getting Picky When It Comes To Buying Zim Integrated Shipping Services Ltd (ZIM)

Zim Integrated Shipping Services Ltd (NYSE:ZIM) does about 5.43M shares in volume on a normal day but saw 11338484 shares change hands in Monday trading. The company now has a market cap of 2.26B USD. Its current market price is $18.76, marking a decrease of -15.15% compared to the previous close of $22.11. The 52 week high reached by this stock is $23.82 whilst the lowest price level in 52 weeks is $6.39.

Zim Integrated Shipping Services Ltd (ZIM) has a 20-day trading average at $20.34 and the current price is -21.24% off the 52-week high compared with 193.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.74 and its 200-day simple moving average is $12.43. If we look at the stock’s price movements over the week, volatility stands at 6.35%, which decreases to 6.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.34 to suggest the stock is neutral.

The consensus objective for the share price is $17.95, suggesting that the stock has a potential downside of -4.51% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 06, 2024 when Citigroup downgraded the stock to “Sell” and issued a price target of $13. Jefferies upgraded the stock to “Buy” from Hold on January 29, 2024 at a price target of $14-$20.

Zim Integrated Shipping Services Ltd (ZIM) stock is down -15.38% over the week and -21.18% over the past month. Its price is 90.07% year-to-date and 48.18% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -4.51 percent from here.

The company has a return on investment of -40.25% and return on equity of -66.79%. The beta has a value of 1.76. Price to book ratio is 0.89 and price to sales ratio is 0.42.