BUZZ – Analysts view Australia's Zip equity raising as positive17 July 2024 3:29 pm* Analysts at Citi see financial services firm Zip Co's equity raising of A$217 mln ($146.17 mln) as "opportunistic"* It makes sense to use the proceeds to retire expensive corporate debt, analysts say* Ord Minnett sees consensus revenue and earnings forecasts to be improved on the back of co's quarterly update and capital raising* Ord Minnett notes that the June quarterly trading update was above its expectations, albeit slightly lower on a revenue margin front* Zip posts total operating revenue of A$223.6 mln for the quarter with a revenue margin of 8.6% vs Ord Minnett estimate of 9%* Citi expects the strong performance in the U.S. to continue as Zip talks to a strong merchant and partner pipeline in the U.S.* Avg rating of seven analysts, including Ord Minnett's, an equivalent of "buy"; their median PT is A$1.40 - LSEG data* Stock has risen 152% this year, as of last close($1 = 1.4846 Australian dollars)
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B |
Open | High | Low | Value | Volume |
$2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
No. | Vol. | Price($) |
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13 | 133683 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.20 | 235682 | 50 |
View Market Depth
No. | Vol. | Price($) |
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4 | 38024 | 2.180 |
2 | 1381 | 2.170 |
3 | 17776 | 2.160 |
5 | 23480 | 2.150 |
2 | 46380 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 194372 | 36 |
2.210 | 175 | 1 |
2.220 | 34300 | 6 |
2.230 | 8500 | 3 |
2.240 | 13075 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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