Zip share price feeling the heat from looming BNPL regulations
Image source: Getty Images
It’s been a rough month for the Zip Co Ltd (ASX: ZIP) share price.
How rough?
Well, on 6 January, the S&P/ASX 200 Index (ASX: XJO) buy now, pay later (BNPL) stock was trading for $3.19. In afternoon trade today, those same shares are changing hands for $2.21 apiece. That sees the BNPL stock down 31% in a month.
However, I should note that even following that big slide, the Zip share price is up 179% since this time last year.
Now, much of the past month’s pain was delivered on 30 January, when shares crashed by 25.4%. This followed the release of Zip’s December quarter results.
While the company achieved a 50.2% year over year increase in cash earnings before taxes, depreciation and amortisation (EBTDA) to…
