So it's pretty obvious online business is booming, I've read it all over the internet and it's the same all over the world. I also read couriers (Australia post) are working 7 days now.
I think what is pulling the price back on these stocks is
1. The above has sort of been priced in a little bit.
2. There is an underlying fear of bad debt. Unlike online shopping and delivery services, these companies need to give out loans. Which is why you are seeing banks and BNPL taking a hit today due to more lockdowns.
3. Overpriced.
I think after today. Zip is a very good buy. With a $7 target price would be realistic.
These $10,15,20 ones need to go buy cryptos.
$8 Party, page-556
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$2.96 |
Change
-0.060(1.99%) |
Mkt cap ! $3.864B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.00 | $2.91 | $20.97M | 7.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15999 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 99192 | 8 |
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| ZIP (ASX) Chart |