I'd exercise caution comparing BNPL valuations to the covid bull market. We are in a far more conservative/cautious environment at the moment than we were back then. I dare say most of newbie retail investors that were fueling a lot of the hype last time around are long gone with their tails between their legs (case in point - all those complaining about their zip shares being sold without their permission clearly weren't even following their shares/bags anymore).
Don't get me wrong, I still see upside in this, and the company has done a great job turning things around and actually demonstrating it can be a lean, well run, profitable business. However I wouldn't be holding my breath for anything near the $10 mark in the short to medium term (i.e. in the next 12 months). Still a ways off in my view.
I'd exercise caution comparing BNPL valuations to the covid bull...
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Last
$1.20 |
Change
0.000(0.00%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.17 | $6.308M | 5.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 122787 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 46456 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.000 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.21 | $1.17 | 2246470 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| ZIP (ASX) Chart |