Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Zim Integrated Shipping Services Ltd’s stock clocked out at $13.42, up 4.19% from its previous closing price of $12.88. In other words, the price has increased by $4.19 from its previous closing price. On the day, 6.91 million shares were traded. ZIM stock price reached its highest trading level at $13.88 during the session, while it also had its lowest trading level at $12.98.
Ratios:
To gain a deeper understanding of ZIM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.20. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.04 whereas as Long-Term Debt/Eq ratio is at 1.35.
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 1614707840 and an Enterprise Value of 4833005056. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.936 whereas that against EBITDA is -13.094.
Stock Price History:
Over the past 52 weeks, ZIM has reached a high of $17.97, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 22.21%, while the 200-Day Moving Average is calculated to be 22.20%.
Shares Statistics:
It appears that ZIM traded 4.45M shares on average per day over the past three months and 4299340 shares per day over the past ten days. A total of 120.29M shares are outstanding, with a floating share count of 94.19M. Insiders hold about 21.72% of the company’s shares, while institutions hold 22.95% stake in the company. Shares short for ZIM as of 1713139200 were 31503702 with a Short Ratio of 7.08, compared to 1710460800 on 29220909. Therefore, it implies a Short% of Shares Outstanding of 31503702 and a Short% of Float of 33.44.
