While Zim Integrated Shipping Services Ltd has underperformed by -8.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZIM fell by -51.74%, with highs and lows ranging from $25.12 to $6.39, whereas the simple moving average fell by -5.49% in the last 200 days.
On January 29, 2024, Jefferies Upgraded Zim Integrated Shipping Services Ltd (NYSE: ZIM) to Buy. A report published by JP Morgan on November 17, 2023, Downgraded its rating to ‘Neutral’ for ZIM. JP Morgan also Upgraded ZIM shares as ‘Overweight’, setting a target price of $15.40 on the company’s shares in a report dated September 18, 2023. JP Morgan April 21, 2023d the rating to Neutral on April 21, 2023, and set its price target from $27 to $20.80. JP Morgan February 17, 2023d its ‘Neutral’ rating to ‘Overweight’ for ZIM, as published in its report on February 17, 2023. Barclays’s report from February 13, 2023 suggests a price prediction of $15 for ZIM shares, giving the stock a ‘Underweight’ rating. Citigroup also rated the stock as ‘Neutral’.
Analysis of Zim Integrated Shipping Services Ltd (ZIM)
A return on investment can be expected regardless of ZIM’s performance over the next quarter with the dividend set at $6.40 per share. Further, the quarter-over-quarter decrease in sales is -60.56%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Zim Integrated Shipping Services Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -50.92% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.98, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ZIM is recording an average volume of 8.14M. On a monthly basis, the volatility of the stock is set at 5.51%, whereas on a weekly basis, it is put at 5.83%, with a loss of -10.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.53, showing decline from the present price of $10.95, which can serve as yet another indication of whether ZIM is worth investing in or should be passed over.
How Do You Analyze Zim Integrated Shipping Services Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 20.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZIM shares are owned by institutional investors to the tune of 22.32% at present.
