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.
