The Afterpay (ASX:APT) share price is up almost 20% this month

the afterpay asxapt share price is up almost 20 this month

Sumary of The Afterpay (ASX:APT) share price is up almost 20% this month:

  • APT) share price has made a strong rebound in April following a significant underperformance in late-February and March..
  • Why the Afterpay share price is bouncing back this month The Afterpay share price hit a one-month high of $123.99 this morning, or a 23% increase this month before cooling down to around $121.85 at the time of writing..
  • Interestingly, the company has not announced any market sensitive news or catalysts this month that could otherwise drive the share price..
  • The improvement in the Afterpay share price could be seen as a broader rally in tech shares after a brutal sell-off in late-February..
  • As a result, the broker reduced Afterpay group merchant margins by 13 basis points and Australian merchant margins by 60 basis points for FY23..
  • The Afterpay share price is the odd one out this month The Afterpay share price is a standout performer amongst its BNPL rivals this month..
  • What immediately stands out is that ASX-listed BNPL shares with significant US exposure including Afterpay, Zip and Sezzle are outperforming..
  • While Afterpay additional exposure to countries such as France, Spain and Italy could be a driver of its outperformance..
  • Excluding Affirm, the weaker BNPL shares also have a smaller market capitalisation relative to Afterpay, Zip and Sezzle..
  • While Sezzle is approaching a $1 billion market capitalisation, Openpay and Laybuy have market caps of less than $200 million….

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