My fundamental view of the stock valuation has never changed but you will note I closed my long term shorts at $5.20 based on the chart and subsequently said I felt it could go to $13-14 which it did.
I now believe that sentiment has changed and financial losses will increase and it will revert to fundemantal value of $1 or less.
The whole sector has been dragged up by the peer comparison with APT and Affirm but now that chicken is coming home to roost with APT and Affirm loosing circa 30% of value in no time at all.
ZIP will follow its peers down in the same way as it followed them up.
Tech wreck, page-59
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Last
$1.72 |
Change
0.015(0.88%) |
Mkt cap ! $2.170B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.73 | $1.66 | $20.04M | 11.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 99232 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 35173 | 5 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |