ZIM Stock Summary and Trading Ideas (Zim Integrated Shipping Services Ltd. | NYSE:ZIM)

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of its revenue from the Pacific trade region.

Zim Integrated Shipping Services Ltd. trades on the NYSE stock market under the symbol ZIM.

As of December 4, 2024, ZIM stock price declined to $19.49 with 2,061,345 million shares trading.

ZIM has a beta of 0.75, meaning it tends to be less sensitive to market movements. ZIM has a correlation of 0.01 to the broad based SPY ETF.

ZIM has a market cap of $2.35 billion. This is considered a Mid Cap stock.

Last quarter Zim Integrated Shipping Services Ltd. reported $3 billion in Revenue and $9.34 earnings per share. This beat revenue expectation by $355 million and exceeded earnings estimates by $2.13.

In the last 3 years, ZIM traded as high as $91.23 and as low as $6.39.

The top ETF exchange traded funds that ZIM belongs to (by Net Assets): AVDV, IEFA, PRF, FNDF, SCZ.

ZIM has outperformed the market in the last year with a return of +218.9%, while the SPY ETF gained +33.6%. In the last 3 month period, ZIM beat the market returning +33.2%, while SPY returned +10.2%. However, in the most recent 2 weeks ZIM has underperformed the stock market by returning -13.6%, while SPY returned +2.7%.

ZIM support price is $18.64 and resistance is $20.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZIM shares will trade within this expected range on the day.