BUZZ – Analysts view Australia's Zip equity raising as positive17 July 2024 3:29 pm* Analysts at Citi see financial services firm Zip Co's equity 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($1 = 1.4846 Australian dollars)
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Last
$2.78 |
Change
-0.025(0.89%) |
Mkt cap ! $3.609B |
Open | High | Low | Value | Volume |
$2.80 | $2.81 | $2.74 | $18.52M | 6.682M |
Buyers (Bids)
No. | Vol. | Price($) |
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41 | 222476 | $2.77 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.78 | 109567 | 54 |
View Market Depth
No. | Vol. | Price($) |
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42 | 224459 | 2.770 |
33 | 400382 | 2.760 |
53 | 490134 | 2.750 |
30 | 424795 | 2.740 |
14 | 307665 | 2.730 |
Price($) | Vol. | No. |
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2.780 | 107181 | 53 |
2.790 | 271250 | 51 |
2.800 | 315362 | 30 |
2.810 | 438716 | 23 |
2.820 | 272660 | 24 |
Last trade - 15.10pm 27/09/2024 (20 minute delay) ? |
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