In yesterday’s Wall Street session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded at $22.54, up 1.30% from the previous session.
ZIM stock price is now 16.93% away from the 50-day moving average and 63.54% away from the 200-day moving average. The market capitalization of the company currently stands at $2.71B.
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With the price target maintained at $13, Citigroup recently Downgraded its rating from Neutral to Sell for Zim Integrated Shipping Services Ltd (NYSE: ZIM). On January 29, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $20, while ‘JP Morgan’ rates the stock as ‘Neutral’
A total of 21.80% of the company’s stock is owned by insiders.
During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $6.39 and a high of $23.82. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.04, and a quick ratio of 0.97. The fifty day moving average price for ZIM is $19.3364 and a two-hundred day moving average price translates $13.85655 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for 2024-03-31. The net profit margin was -32.80% and return on equity was -50.62% for ZIM. The company reported revenue of $1.93 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.57 percent. For the current quarter, analysts expect ZIM to generate $2.05B in revenue.
