With 5.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.2 million shares. The 52-week range on ZIM shows that it touched its highest point at $29.00 and its lowest point at $11.03 during that stretch. It currently has a 1-year price target of $15.12. With its current market cap of 2.04 billion, ZIM has annualized dividend of $7.84 while the current yield stands at 46.28%. Beta for the stock currently stands at 1.75.
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 -6.20%, but this was up by 12.64% over a month. Three-month performance dropped to -14.49% while six-month performance fell -16.58%. The stock lost -17.17% in the past year, while it has lost -21.15% so far this year. A look at the trailing 12-month EPS for ZIM yields 19.53 with Next year EPS estimates of -1.91. For the next quarter, that number is 1.22. This implies an EPS growth rate of -86.23% for this year and -177.87% for next year.
Float and Shares Shorts:
At present, 120.46 million ZIM shares are outstanding with a float of 119.04 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 $15.55079 being high and $15.25651 being low. For ZIM, this leads to a yearly average estimate of $15.40365. Based on analyst estimates, the high estimate for the next quarter is $0.56 and the low estimate is $0.15. The average estimate for the next quarter is thus $0.34.
