Problem is that they can't afford to stop expansion. There is no moat, so if they don't spend to buy more customers their share of the market will get swallowed up by others with big budgets. And the cost of acquiring, per customer, is increasing.
The rise in BNPL was sentiment driven, the trend being up. It's obvious that is over, and just like MFG, A2M and Lithium 1.0, when sentiment turns against you, it's difficult to find the bottom.
Was overbought, and with the current trend will undoubtedly be oversold eventually, ... until it bottoms though you'd be crazy to hold all the way down
$3 here we are, page-39
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Last
$1.76 |
Change
0.040(2.33%) |
Mkt cap ! $2.221B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.83 | $1.74 | $30.40M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 66876 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 60000 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |