Zip may come good in five or ten years but they face increasing competition, margin pressure and losses in the interim.
There is nothing fundamental for the market to re rate the shares as it's all speculation on path to profitability and there are many headwinds to face along the way.
For the share price to appreciate it needs a regular supply of long term buyers and holders.
That is not going to happen for several years in my opinion.
Chart - Z1P, page-2018
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Last
$2.26 |
Change
0.150(7.11%) |
Mkt cap ! $2.950B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.31 | $2.15 | $45.55M | 20.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46195 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 279980 | 5 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |