In yesterday’s Wall Street session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded at $16.68, down -3.70% from the previous session.
ZIM stock price is now -13.91% away from the 50-day moving average and 15.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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’
In other news, Ben-Amram Eyal, Officer bought 10,000 shares of the company’s stock on Aug 21 ’24. The stock was bought for $225,400 at an average price of $22.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, EVP Cross Suez and Atlantic Tr Tiran Assaf bought 35,000 shares of the business’s stock. A total of $788,900 was incurred on buying the stock at an average price of $22.54. A total of 21.71% 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 $19.3752 and a two-hundred day moving average price translates $14.44515 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for 2024-06-30. 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.
