** Analysts at Citi see financial services firm Zip Co's ZIP.AXequity raising of A$217 mln ($146.17 mln) as "opportunistic"** It makes sense to use the proceeds to retire expensive corporate debt, analysts say** Ord Minnett sees consensus revenue and earnings forecasts to be improved on the back of co's quarterly update and capital raising** Ord Minnett notes that the June quarterly trading update was above its expectations, albeit slightly lower on a revenue margin front** Zip posts total operating revenue of A$223.6 mln for the quarter with a revenue margin of 8.6% vs Ord Minnett estimate of 9%** Citi expects the strong performance in the U.S. to continue as Zip talks to a strong merchant and partner pipeline in the U.S.** Avg rating of seven analysts, including Ord Minnett's, an equivalent of "buy"; their median PT is A$1.40 - LSEG data** Stock has risen 152% this year, as of last close
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B |
Open | High | Low | Value | Volume |
$2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11942 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 30971 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2857 | 2.780 |
8 | 74759 | 2.770 |
6 | 75873 | 2.760 |
38 | 487615 | 2.750 |
17 | 328900 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 30971 | 2 |
2.800 | 211817 | 15 |
2.810 | 445497 | 7 |
2.820 | 251492 | 13 |
2.830 | 29800 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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