@ tradinator
So it hit the $1.50 target which was the minimum retrace expected.
Affirm demonstrated a similar pattern and hit a 38.2 retrace but Zip is technically weaker.
Can it hit the same 38.2 percent retrace as Affirm and put it at $5.70 or even 23.6 percent at $3.60.
It would have to be producing $250 million NPAT to justify even the $3.60 share price so this is highly unlikely.
I suggested several months ago that if they can harness AI to slash the cost of originating and processing the loans then this will significantly improve profitability but that is a long way in the future if at all.
@ tradinatorSo it hit the $1.50 target which was the minimum...
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 290528 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ZIP (ASX) Chart |