What a week it has been for the Sezzle Inc (ASX: SZL) share price.
Sezzle shares have had a corker of a day on the ASX today. The buy now, pay later (BNPL) share is presently up 3.92% at $1.06 a share.
However, soon after market open this morning, the company rocketed as high as $1.49, before falling to 90 cents and recovering to the current level.
This means that today so far, the Sezzle share price has been up 49% as well as down almost 12%. Even for Sezzle, that is some extreme volatility.
But that's pretty much what we've been seeing from Sezzle shares on the ASX all week. Get ready for this: over the past five trading days, the Sezzle share price is now up a jaw-dropping 253%.
But let's just focus on today. This (to put it frankly) insane level of volatility seems to have been sparked by Sezzle's ASX release of a quarterly update this morning.
Sezzle shares light up the ASX
As my Fool colleague James went through, Zip reported a 6.8% increase in total income to US$29.3 million, a 19% rise in active merchants to 47,900 and an 18.2% increase in active customers to 3.4 million.
The company also reported a 19% increase in underlying sales year on year to US$419.1 million. But perhaps most importantly, Zip also declared that "we anticipate achieving positive monthly net operating income (excluding stock-based compensation and non-recurring charges) by year-end".
In other words, the company expects to become profitable in the next six months – a big deal for an ASX BNPL share, to be sure.
So after the wild ride the Sezzle share price has been on the ASX this week, it will be interesting to see what next week brings for this company.
At the current Sezzle share price, this ASX BNPL share has a market capitalisation of $225.94 million.
