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
$1.79 |
Change
0.180(11.2%) |
Mkt cap ! $2.011B |
Open | High | Low | Value | Volume |
$1.66 | $1.82 | $1.63 | $76.45M | 43.84M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 700 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.79 | 29305 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 700 | 1.770 |
1 | 131756 | 1.765 |
2 | 8482 | 1.760 |
1 | 4500 | 1.755 |
4 | 78428 | 1.750 |
Price($) | Vol. | No. |
---|---|---|
1.790 | 60250 | 5 |
1.795 | 296396 | 7 |
1.800 | 250468 | 15 |
1.810 | 1368282 | 15 |
1.815 | 172146 | 7 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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