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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
ZIM Integrated Shipping Services (ZIM)
ZIM Integrated Shipping Services Limited is a global container liner shipping company. The company, founded in 1945, is headquartered in Haifa, Israel. It went public in early 2021.
ZIM boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of ZIM Integrated Shipping Services has seen some interesting price action recently; the stock is down 0.1% over the past one week and up 9.8% over the past four weeks. And in the last one-year period, ZIM has gained 91.9%. As for the stock's trading volume, 4,842,591.50 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for ZIM, while the Zacks Consensus Estimate has increased $3.10 to $16.75 per share. ZIM also boasts an average earnings surprise of 12.6%.
Investors should take the time to consider ZIM for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report