Still time. Unlike ZIP, there are 17 identifiable brokers who comprehensively cover Affirm in the US and consensus is that the gap between fair value and current SP is about 30% downside. The average price target is $31.80 - the high is $65 and the low is $6. One analyst says that competition could cap its growth, which would drag its earnings and SP down. There is definitely going to be some major action in this industry and it could be soon, I would not put those rumours to bed yet, although that Data Room report was a bit off key.
Affirm has $2.5 bil shareholder equity (which will be eroded by this year's expected loss of $750 mil, but it has the market on its side and could grow through an acquisition. It has been growing rapidly and has almost 17 million customers whereas ZIP claims 7.5 mil customers - 4 plus mil in the US. ZIP will find it hard or impossible to grow in Australia because of the coming regulations so that is the problem for Affirm, because it has already closed there. Affirm has the Balance Sheet to buy ZIP (and has only about 300 mil shares issued) and they would seem to be a good fit.
$2 PARTY, page-44
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Last
$1.16 |
Change
0.005(0.43%) |
Mkt cap ! $1.264B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.13 | $12.72M | 10.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5215 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 31770 | 4 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
0.005 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.19 | $1.14 | 1743719 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| ZIP (ASX) Chart |