While staying above the SMA is a positive technical sign, it’s worth looking at the bigger picture. ZIP’s recent rally seems to be driven more by speculation than any real improvement in its fundamentals. The fact that Larry Diamond has been selling shares raises questions about how much confidence the insiders actually have. On top of that, upcoming regulatory changes could easily disrupt growth by increasing compliance costs and tightening lending standards. Their heavy reliance on the US market is also risky, given the tough competition and rising interest rates, which could hit margins and default rates. Without stronger fundamentals to back it up, $3.30 might be overly optimistic.
ZIP Price at posting:
$3.19 Sentiment: Sell Disclosure: Not Held
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