Zip Co Ltd (ASX: ZIP) shares have plunged since they hit an all-time high in 2021.
The buy now, pay later (BNPL) company’s shares hit a high of $12.35 on 19 February 2021. Right now, Zip shares are worth 64.5 cents a piece based on the current share price.
That’s a fall of almost 95%.
So if I had invested $1,000 in Zip during its heyday, how much would I have left?
Very little left over…
Let’s say I bought the company’s shares on 19 February 2021. On this day, Zip shares were fetching $12.35 at market close.
Imagine if I had invested $1,000 in the company at this price. I would have walked away with 80 shares with $12 left over.
However, these shares are now worth only 64.5 cents each. I would now only have $51.60 remaining from this investment.
On the flip side, imagine if I had bought Zip shares on 9 February 2015. They were only 10 cents a piece at this stage. With $1,000, I would have fetched 10,000 shares in the company. I would have $6,450 now, from my initial $1,000 investment.
In recent news, Zip’s CEO and co-founder Larry Diamond has moved to the USA, where he sees a “significant opportunity” for the company. Zip revenue grew 69% in FY22, while Australian revenue lifted 39%.
Diamond said: “There is still a significant opportunity for fintech in the US, as US banks are asleep at the wheel.”
Zip share price snapshot
The Zip share price has sunk 91% in the past year, while it has fallen 85% in the year to date.
For perspective, the S&P/ASX 200 Index (ASX: XJO) has shed nearly 9% in a year.
The company has a market capitalisation of about $455 million based on the current share price.
The post If I’d bought $1,000 of Zip shares at their all-time high, here’s how much I’d have left appeared first on The Motley Fool Australia.
More reading
- After a horror year, what’s next for ASX BNPL shares in the new quarter?
- ‘Significant opportunity’ Zip share price turns red as CEO packs his bags for the United States
- Macquarie says Zip share price has further to fall
- Zip share price sinks 5% to 3-month lows
- The Zip share price rocketed 50% in the first quarter, but what now?
Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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