This is now oversold according to many indicators. Shorts have been rampant, and will look to cover soon to lock in some profit- if they get too greedy this can turn around very quickly on them.
ZIP is still growing and fundamentally is very strong, agree that $6 a share is an overstretched current value however $4.3- $4.70 is fair value based on its current growth. A 1,5 billion market cap is not far fetched with its metrics and knowing that they are still in the early stages of growth is reassuring.
SP volatility (price) and true value should not be confused.
When will this bounce.
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Last
$1.91 |
Change
0.085(4.66%) |
Mkt cap ! $2.417B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.91 | $1.78 | $39.33M | 21.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14157 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 377134 | 14 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |