Sorry not sure I follow?
Both ZIP and Affirm have similar looking charts, although ZIP seems to have peaked earlier by about ~9 months in terms of share price.
If ZIP have head winds coming in the form of lower consumer spending, and increased cost of business in interest rates, how would that not impact the share price? Genuinely curious to understand how the share price would appreciate if the fundamentals roll backwards? Not to mention their $2.3 billion worth of debt financing maturing and need to be paid back in full (plus interest), or rolled over at a higher interest rate to ZIP, killing their margins.
The stock market is inversely correlated with interest rates, how would rate rises not matter, particularly to company like ZIP which are very sensitive to changes in the cash rate? By this logic, if the RBA cut interest rates to 0 tomorrow, then ZIP wouldn't benefit from this?
I told you good time to buy, page-4305
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Last
$2.28 |
Change
-0.100(4.20%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.49 | $2.27 | $58.79M | 24.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127436 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 42424 | 3 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |