The IOUpay (ASX:IOU) share price is up 4,000% in the past year

4,000% in the past 12 months? That's the increase long term IOUpay shareholders have enjoyed.

| More on:
A happy shopper with lots of bright shopping bags, indicating a positive surge for ASX retail share price

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

The Ioupay Ltd (ASX: IOU) share price was having a reasonable day on the markets until it dropped into the red in the closing few minutes of trading. Ioupay shares closed 1.6% lower at 30.55 cents a share. That compares to the S&P/ASX 200 Index (ASX: XJO), which is up 0.15%.

But if we zoom out a little, Ioupay's performance starts to make the ASX 200 look a little impotent by comparison. For starters, the Ioupay share price is up 5% over just the past week. Year to date, investors have enjoyed gains of 87%. And over the past 12 months, Ioupay shares are up a staggering 4,257%.

That would turn a $1,000 investment into approximately $42,570. That comes from the minuscule share price of half a cent that Ioupay was trading for around this time last year.

However, there's one more, and far larger, number to keep in mind. If you have been following this relatively new ASX buy now, pay later (BNPL) share for a while, you might remember it had a spectacular run back in February.

Between 9 February and 15 February, the Ioupay share price climbed a massive 256% and went as high as 85 cents. That puts the gains that Ioupay enjoyed between 9 June 2020 and 15 February 2021 at more than 8,000%.

But it's not all good news for investors. Anyone who bought in at those February peaks would currently be down more than 61% on their investment.

So what's new over at Ioupay?

Well, not a whole lot, at least recently. The company has made no new announcements or released any news since 14 May. However, the company did have a positive announcement earlier that month.

As we covered at the time, Ioupay announced on 5 May that it had inked a deal with the Southeast Asian payments company RMS Reloads. This deal will allow Ioupay customers to use BNPL payments over RMS Reloads' 10,000 strong merchant network across Malaysia. This announcement sent Ioupay shares up as high as 9% when it was made public.

At its current share price, Ioupay has a market capitalisation of around $173 million and a price-to-earnings (P/E) ratio of 65.7.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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 Bruce Jackson.

More on BNPL shares

Business people discussing project on digital tablet.
BNPL shares

$10,000 invested in Zip shares in FY 2025 is now worth

Let's see how this payments company's shares performed in the last financial year.

Read more »

a woman with lots of shopping bags looks upwards towards the sky as if she is pondering something.
BNPL shares

Why this fund manager remains bullish on Zip shares

Zip shares have surged 90% over the past year.

Read more »

A cool dude looks back at the camera while ziplining above the treetops.
BNPL shares

Zip share price rockets 19% on full-year earnings upgrade

Surging again today, Zip shares are now up 127% since their recent April lows.

Read more »

a young woman looks happily at her phone in one hand with a selection of shopping bags in her other hand.
BNPL shares

Up 87% since April, why the Zip share price can keep flying higher into 2026

A leading fund manager expects more outsized gains from Zip shares ahead.

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Guess how much $10,000 invested in Zip shares on 7 April is worth today!

The rebound in the Zip share price since 7 April has been nothing short of remarkable.

Read more »

Frustrated and shocked business woman reading bad news online from phone.
BNPL shares

Why is the Zip share price dropping today?

Let's see how this buy now pay later provider performed in April.

Read more »

A young woman smiles as she rides a zip line high above the trees.
BNPL shares

How Zip shares rebounded 45% from their 7 April lows to beat the ASX 200

Did you catch what happened with Zip shares in April?

Read more »

A young woman in a shop hands her credit card to the cashier.
BNPL shares

Up 41% in 3 weeks, should I buy Zip shares today?

Zip shares have been on a tear in April. Now what?

Read more »