No one can "expertly" answer this question because there are so many variables like competition, profit/earnings, share volume, directors interests, market sentiment etc etc etc this is a never ending list.
You have to bear in mind that price is roughly where it was pre covid which creates the illusion that it hasn't moved anywhere, however a heap of additional shares have been issued in that time.
In any event this week was the first time zip was below 5 bucks for the entire year. Most likely that early next year they'll announce some new fandangled thing and it will pump back up to 8 bucks sit there for a bit until the next global panic inducing event and she will steadily move back to 5 bucks. My opinion is that It will keep doing this until it starts making a profit which is likely decades away (which makes it a great trading stock in the meantime).
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- Not again.. Why ZIP likes below $5 price range?
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Last
$2.40 |
Change
0.120(5.26%) |
Mkt cap ! $3.114B |
Open | High | Low | Value | Volume |
$2.35 | $2.43 | $2.25 | $56.09M | 23.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 231123 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 2.380 |
5 | 56213 | 2.370 |
3 | 50124 | 2.360 |
11 | 560551 | 2.350 |
8 | 217579 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.400 | 179938 | 19 |
2.410 | 692799 | 12 |
2.420 | 399715 | 18 |
2.430 | 361967 | 18 |
2.440 | 274513 | 9 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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