When the share price of a company doesn't match all the revenue, growth and positive announcements and companies with a similar product and growth (afterpay) have had their share price go way up I don't then go back an re analyse everything and look for reasons why the good news and growth isnt actually as good as it looks. I just remind myself that its a share, manipulated by day traders and big companies and at the end of the day eventually the price will have to go up if the company is successful.
You cant have a company with year on year growth rate of over 50% with a market cap of this size having a sideways share price forever. it may go sideways when logically it should be going up for a time but not forever and with the captial raise at 5.34, barring some global share crash i believe the floor has been made give or take 5%.
The asx looks like having a solid 2021 as a whole. the globe looks like it should have covid vaccinated sometime this year and zip is half of its all time high. I will bet my left and right nut that the all time high at least will be reached in 2021 and if covid gets taken care of like we are predicting and revenue stays on the same growth rate it will burst through that level.
All the shorting that zip is experiencing is just building pressure in my opinion. There's only one thing that will happen when they all leave at once.
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Last
$1.83 |
Change
0.025(1.39%) |
Mkt cap ! $2.310B |
Open | High | Low | Value | Volume |
$1.77 | $1.84 | $1.76 | $34.05M | 18.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6757 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 480347 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6757 | 1.825 |
6 | 87752 | 1.820 |
4 | 10525 | 1.815 |
7 | 521549 | 1.810 |
3 | 121460 | 1.805 |
Price($) | Vol. | No. |
---|---|---|
1.830 | 480347 | 4 |
1.835 | 1150291 | 10 |
1.840 | 183560 | 17 |
1.845 | 217271 | 14 |
1.850 | 299585 | 34 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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