I do not provide financial advice on this forum. I simply discuss the fundamentals, technicals, and broader macroeconomic factors.
As for getting it "wrong," a single day's price movement, whether up or down, proves nothing. ZIP could just as easily drop 20% tomorrow, and the reaction would shift accordingly. The reality is that ZIP's business model is fundamentally flawed. It needs to process billions of dollars just to generate a modest net profit. If ZIP had a $500 million market cap, its results might be impressive, but at its current multibillion dollar valuation, the path to profitability remains highly uncertain.
Rising expenses, a prolonged higher interest rate environment, increasing unemployment in the US, and weakening consumer spending all pose significant headwinds. Furthermore, for the second time, a founder and ANZ CEO, Peter, has resigned. It likely won’t be long before he exits entirely and sells his units.
ZIP Price at posting:
$2.71 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)