Is zim a good buy
11/28/2024 12:55am
**ZIM's recent performance and analyst ratings suggest caution rather than a strong buy**. Here's why:
1. **Technical Indicators**: There are no available technical indicators for ZIM, which makes it difficult to assess the stock's current technical posture. However, the lack of recent price targets and ratings from technical analysis sources could imply a lack of momentum or interest from these analysts.
|Ticker|Name|Date|Closing Price|code|market_code|
|---|---|---|---|---|---|
|ZIM.N|ZIM Integrated Shipping|20241127|22.1|ZIM|169|
2. **Analyst Ratings**: The consensus rating for ZIM is currently "Underperform" or "Sell" with price targets ranging from $13.9 to $28. This suggests that analysts believe the stock has room to decline from its current price.
3. **Financial Indicators**: There are no available financial indicators for ZIM, which are crucial for evaluating the stock's financial health and profitability.
|Ticker|Name|Date|Total Revenue YoY|Total Revenue|code|market_code|
|---|---|---|---|---|---|---|
|ZIM.N|ZIM Integrated Shipping|2023 Q4|-44.935812508565945|1.2053E9|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q1|13.657862184384777|1.562E9|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q2|47.5717776420281|1.9326E9|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q3|117.2191673212883|2.7652E9|ZIM|169|
|Ticker|Name|Date|Net Income YoY|Net Income|code|market_code|
|---|---|---|---|---|---|---|
|ZIM.N|ZIM Integrated Shipping|2023 Q4|-135.19807923169267|-1.466E8|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q1|258.5197934595525|9.21E7|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q2|275.27033380347905|3.728E8|ZIM|169|
|ZIM.N|ZIM Integrated Shipping|2024 Q3|149.60140938119358|1.1262E9|ZIM|169|
4. **Earnings Performance**: ZIM's earnings report for the quarter ending September 2024 showed a net income of $1.12 billion and revenue of $2.77 billion, surpassing analysts' expectations. However, the previous quarter's earnings report showed a net loss, which could be a concern.
5. **Market Performance**: ZIM's stock has experienced significant volatility, with a 52-week high of $26.20 and a 52-week low of $6.39. The stock's performance over the past year has been mixed, with significant price swings.
6. **Short Interest**: The high short interest in ZIM, as indicated by the short interest ratio, could suggest that investors are bearish on the stock. This can sometimes precede a short squeeze, but it also indicates that the stock may be considered a potential shorting opportunity.
In conclusion, while ZIM has shown some positive earnings performance recently, the mixed analyst ratings, lack of technical indicators, and high short interest suggest that it may not be a good buy at this time. Investors should exercise caution and consider the risks before investing in ZIM.