BUZZ – Analysts view Australia's Zip equity raising as positive17 July 2024 3:29 pm* Analysts at Citi see financial services firm Zip Co's equity raising of A$217 mln ($146.17 mln) as "opportunistic"* It makes sense to use the proceeds to retire expensive corporate debt, analysts say* Ord Minnett sees consensus revenue and earnings forecasts to be improved on the back of co's quarterly update and capital raising* Ord Minnett notes that the June quarterly trading update was above its expectations, albeit slightly lower on a revenue margin front* Zip posts total operating revenue of A$223.6 mln for the quarter with a revenue margin of 8.6% vs Ord Minnett estimate of 9%* Citi expects the strong performance in the U.S. to continue as Zip talks to a strong merchant and partner pipeline in the U.S.* Avg rating of seven analysts, including Ord Minnett's, an equivalent of "buy"; their median PT is A$1.40 - LSEG data* Stock has risen 152% this year, as of last close($1 = 1.4846 Australian dollars)
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Last
$1.70 |
Change
0.098(6.07%) |
Mkt cap ! $1.949B |
Open | High | Low | Value | Volume |
$1.66 | $1.75 | $1.63 | $26.70M | 15.81M |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 66723 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.71 | 37932 | 11 |
View Market Depth
No. | Vol. | Price($) |
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6 | 12626 | 1.720 |
22 | 78983 | 1.715 |
13 | 48627 | 1.710 |
9 | 25863 | 1.705 |
14 | 162832 | 1.700 |
Price($) | Vol. | No. |
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1.725 | 120515 | 18 |
1.730 | 90436 | 17 |
1.735 | 109841 | 17 |
1.740 | 212106 | 27 |
1.745 | 229191 | 17 |
Last trade - 11.25am 18/07/2024 (20 minute delay) ? |
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