In the latest session, Zim Integrated Shipping Services Ltd (NYSE: ZIM) closed at $10.07 down -13.64% from its previous closing price of $11.66. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 19721877 shares were traded. ZIM stock price reached its highest trading level at $11.00 during the session, while it also had its lowest trading level at $9.82.
Ratios:
For a deeper understanding of Zim Integrated Shipping Services Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 29, 2024, Upgraded its rating to Buy and sets its target price to $20 from $14 previously.
JP Morgan Upgraded its Neutral to Overweight on September 18, 2023, while the target price for the stock was maintained at $15.40.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZIM now has a Market Capitalization of 1.21B and an Enterprise Value of 4.13B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is -41.32.
Stock Price History:
Over the past 52 weeks, ZIM has reached a high of $25.12, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 12.69, while the 200-Day Moving Average is calculated to be 11.39.
Shares Statistics:
For the past three months, ZIM has traded an average of 8.35M shares per day and 6.6M over the past ten days. A total of 120.15M shares are outstanding, with a floating share count of 95.33M. Insiders hold about 20.68% of the company’s shares, while institutions hold 22.34% stake in the company. Shares short for ZIM as of Feb 29, 2024 were 27.84M with a Short Ratio of 3.34, compared to 25.8M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.15% and a Short% of Float of 29.18%.
Dividends & Splits
According to the company, the forward annual dividend rate for ZIM is 6.40, from 6.40 in the trailing year.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$1.29 for the current quarter, with a high estimate of -$0.5 and a low estimate of -$1.94, while EPS last year was $3.44. The consensus estimate for the next quarter is -$0.83, with high estimates of $0.84 and low estimates of -$1.79.
Analysts are recommending an EPS of between -$4.74 and -$22.31 for the fiscal current year, implying an average EPS of -$13.53. EPS for the following year is -$2.24, with 8 analysts recommending between $6.25 and -$13.21.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $1.28B this quarter.It ranges from a high estimate of $1.55B to a low estimate of $1.2B. As of the current estimate, Zim Integrated Shipping Services Ltd’s year-ago sales were $2.19B, an estimated decrease of -41.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.31B, a decrease of -4.50% over than the figure of -$41.70% in the same quarter last year. There is a high estimate of $1.42B for the next quarter, whereas the lowest estimate is $1.2B.
A total of 8 analysts have provided revenue estimates for ZIM’s current fiscal year. The highest revenue estimate was $5.76B, while the lowest revenue estimate was $5.13B, resulting in an average revenue estimate of $5.25B. In the same quarter a year ago, actual revenue was $12.56B, down -58.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $5.33B in the next fiscal year. The high estimate is $6.46B and the low estimate is $4.03B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
