Zip shares back on the fast track
Though Zip shares remain down 29.3% year to date, the rebound since 7 April has been nothing short of remarkable.
On 7 April, you could have picked up shares in the ASX 200 BNPL stock for as little as $1.08 apiece in intraday trade. (Shares closed the day down 7.4% at $1.19.)
If you'd jumped in at the lows that day, you could have bought 9,259 shares with a $10,000 investment.
Today, at $2.10 apiece, those same shares are worth $19,443.90.
That's a gain of 94.4%, or $9,443.90, on your $10,000 investment in just 21 trading days.
What else has been spurring investor interest in Zip shares?
Atop the détente in the US-China tariff dispute, the ASX BNPL stock enjoyed a lift from the April 9 announcement of an on-marketshare buybackof up to $50 million. When companies buy back shares, it reduces the supply of those shares, which helps support the share price.
And Zip shares closed up 16.2% on 16 April following the release of the company's third-quarterresults.
Highlights for the quarter included total transaction value (TTV) of $3.3 billion, up 36% year on year. And cash earnings before tax, depreciation and amortisation (EBTDA) was up 219% to $46 million.
Management also upgraded Zip's full-year FY 2025 earnings guidance.
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