been watching this for a while ready to grab some then saw this from UBS dated yesterday with target reduced to $5.40 might explain some of the selling.GLTA
0046 GMT - Zip Co.'s FY 2021 results highlighted the costs required to achieve the buy-now-pay-later provider's significant top-line growth, UBS says. The investment bank says the impact of administration expenses including marketing costs resulted in cash earnings of A$22.9 million, compared with the A$17.0 million expected by UBS. Zip's top-line outlook and management strategy are viewed positively by UBS but FY 2022 will be a year of consolidation requiring reinvestment. It cuts its FY 2022 cash earnings forecast by 45% to A$55 million, driving a 3.6% cut in its target price to A$5.40. UBS maintains a sell rating on the stock, which is down 0.1% at A$6.89. ([email protected]; @StuartLCondie)
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Last
$1.94 |
Change
0.068(3.60%) |
Mkt cap ! $2.461B |
Open | High | Low | Value | Volume |
$1.90 | $1.95 | $1.89 | $18.59M | 9.670M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 90581 | $1.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.95 | 55614 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 95451 | 1.940 |
23 | 298171 | 1.935 |
18 | 192026 | 1.930 |
17 | 160172 | 1.925 |
15 | 265977 | 1.920 |
Price($) | Vol. | No. |
---|---|---|
1.945 | 41017 | 15 |
1.950 | 425295 | 58 |
1.955 | 268754 | 24 |
1.960 | 448772 | 27 |
1.965 | 368696 | 17 |
Last trade - 14.34pm 15/08/2024 (20 minute delay) ? |
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