Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded -2.68% lower at $18.85 on Wall Street last session.
ZIM stock price is now 21.34% away from the 50-day moving average and -0.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
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 $20, Clarksons Platou recently Downgraded its rating from Buy to Neutral for Zim Integrated Shipping Services Ltd (NYSE: ZIM). On October 02, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $25, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Ben-Amram Eyal, Officer bought 26,945 shares of the company’s stock on Dec 12 ’24. The stock was bought for $514,650 at an average price of $19.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Officer Ben-Amram Eyal bought 3,055 shares of the business’s stock. A total of $62,139 was incurred on buying the stock at an average price of $20.34. A total of 1.07% of the company’s stock is owned by insiders.
During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $11.03 and a high of $29.00. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 1.18, and a quick ratio of 1.10.
The net profit margin was 26.52% and return on equity was 72.40% for ZIM. For the current quarter, analysts expect ZIM to generate $1.81B in revenue.
