For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Zim Integrated Shipping Services Ltd (NYSE: ZIM) closed at $11.52 in the last session, up 4.16% from day before closing price of $11.06. In other words, the price has increased by $4.16 from its previous closing price. On the day, 3.62 million shares were traded. ZIM stock price reached its highest trading level at $11.67 during the session, while it also had its lowest trading level at $10.89.
Ratios:
We take a closer look at ZIM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.74. 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 1386097920 and an Enterprise Value of 4549048320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 0.881 whereas that against EBITDA is -12.325.
Stock Price History:
Over the past 52 weeks, ZIM has reached a high of $19.25, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 5.29%, while the 200-Day Moving Average is calculated to be 4.66%.
Shares Statistics:
According to the various share statistics, ZIM traded on average about 5.37M shares per day over the past 3-months and 2917940 shares per day over the past 10 days. A total of 120.29M shares are outstanding, with a floating share count of 94.19M. Insiders hold about 21.71% of the company’s shares, while institutions hold 22.40% stake in the company. Shares short for ZIM as of 1711584000 were 32648337 with a Short Ratio of 6.08, compared to 1709164800 on 27843334. Therefore, it implies a Short% of Shares Outstanding of 32648337 and a Short% of Float of 34.660000000000004.
