With 3.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.53 million shares. The 52-week range on ZIM shows that it touched its highest point at $29.00 and its lowest point at $8.73 during that stretch. It currently has a 1-year price target of $17.77. With its current market cap of 2.38 billion, ZIM has annualized dividend of $3.93 while the current yield stands at 19.83%. Beta for the stock currently stands at 1.62.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZIM was down-trending over the past week, with a drop of -9.38%, but this was up by 9.51% over a month. Three-month performance dropped to -2.44% while six-month performance rose 7.16%. The stock gained 65.34% in the past year, while it has lost -7.78% so far this year. A look at the trailing 12-month EPS for ZIM yields 11.93 with Next year EPS estimates of 3.05. For the next quarter, that number is 3.49. This implies an EPS growth rate of 168.71% for this year and -80.21% for next year.
Float and Shares Shorts:
At present, 120.39 million ZIM shares are outstanding with a float of 119.07 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZIM since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $15.55083 being high and $15.25655 being low. For ZIM, this leads to a yearly average estimate of $15.40369. Based on analyst estimates, the high estimate for the next quarter is $2.09 and the low estimate is $1.39. The average estimate for the next quarter is thus $1.74.
