Larry is bailing out and the same US customers can't keep growing at 40%. I think the same US customer will spend roughly the same which will mean this is no longer a growth stock in Q3 & Q4.
Q2 has potential to keep up appearances but it's a gamble to see if the same US customers spent more this festive season again.
The whole reason Zip jumped from 25.5c to $3+ was because of the US customers spending so much from Q1 Oct 2023. They still aren't growing active customers so you are relying on the same customers spending another 40% or more on top of last year. Money doesn't grow on trees. Need new active customers
Hope you don't lose your undies in a -30 to 60% drop.
ZIP Price at posting:
$3.24 Sentiment: None Disclosure: Not Held
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