#Zip share price today series#
#Zip share price today zip#

Since then Quadpay has grown from strength to strength, consistently reporting double and triple-digit growth across a number of key metrics.įor instance, in the third quarter Zip reported that Quadpay transaction volumes rose 234% to $762.0 million, while revenues increased 188% to $54.4 million. In recent times, Zip has proven to be a highly acquisitive company with wide-reaching global ambitions, last year acquiring the US-based BNPL Quadpay. Learn all about it here.Popular buy now pay later company Zip (ticker: Z1P) on Monday announced two strategic acquisitions, one in Europe (EU) and the other in the Middle East (UAE). We talk about the big trends driving the most innovative stocks on the ASX. Our publication Money Morning is a fantastic place to start on your investment journey. In saying that, the company found itself in some very favourable circumstances.Īs these circumstances change so could the share price and outlook for Afterpay. If the price starts to fall then the levels of $103 and $93 may be enough to halt a further fall.Īfterpay proved to be the darling of the All Ords this past year. If the price can continue to move to the upside then the levels of $124 and $135 may become the focus.Īlthough the most recent move up took place on declining trading volume, indicating the buyers may not be committed to move higher at this stage. Taking a closer look at the Afterpay share price, the chart above shows that at time of writing the price is sitting around the support level of $114. Taking into account the easing of government support payments (due to end in March 2021) along with a current unemployment rate of 6.8%, the rapid growth of Afterpay and the BNPL sector overall may be creating a debt bubble. With Afterpay noting that 65% of its US-based users are either millennials or from Generation Z.

Much of the growth in the market cap is fuelled by investors jumping into a rising ship and people taking advantage of the credit offered by the lender.Ī recent survey showed that one in three millennials have added to their credit debt since the onset of the pandemic. The Afterpay Share Price in 2021?Īt the time of writing, Afterpay held a market cap of $31.04 billion. JB Hi-Fi Ltd experienced similar growth, as people spent up to make home offices and set their kids up for home schooling.Īs the saying goes - a rising tide lifts all boats.Īs alluring as this all is, it’s now time to ask whether this will continue into 2021. Temple & Webster Group Ltd, the online furniture retailer, saw its share price and profits grow. Zip Co Ltd saw its share price grow alongside Afterpay, its competition in the BNPL sector. With people stuck at home and propped up by governments, the shopping frenzy started. Up to $1,500 per fortnight in some cases. This came in the form of JobKeeper and a raise in the JobSeeker payment.

Keeping people home and away from each other kept them and their money away from companies.Īfterpay on the other hand were one of the big winners from the lockdown orders.Ī series of related events and measures seem to have created the perfect storm for the BNPL company.Īs the pandemic hit, many lost their line of employment - the federal government had to step in with financial aid packages.

Sweeping the globe at an alarming rate from the end of February, the virus changed life as we know it.Īs the virus appears to be transmitted by being in close proximity with others, one of the most significant changes we have experienced this last year has been the lockdown and stay at home orders.įor typical retail businesses, hotels, and anything travel related, these changes were a disaster. What can only be described as a horrible series of events for humanity unfolded in the form of the COVID-19 pandemic this year been. At time of writing the Afterpay Ltd share price is trading at $113.98, up 4.71%.Ģ020 saw Australia’s leading ‘buy now, pay later’ (BNPL) provider forge ahead to new heights.

#Zip share price today zip#

#Zip share price today series#