Zapp Electric Vehicles Group Limited ( ZAPP ) shares are trading higher Thursday after the company announced its financial results for the first half of fiscal year 2024 and raised its business outlook.

The Details:

Zapp reported an IFRS net loss of $5 million compared to $8.6 million from the same six-month period in 2023 and an operating loss of $3.1 million compared to $3.9 million from the same period in 2023. 

The company now expects the first customer deliveries of its i300 in the fiscal fourth quarter of 2024 and expects to sell more than 5,000 units in the fiscal year ended September 30, 2025. Zapp said sales in fiscal year 2025 will be weighted toward the second half of the year with a resulting run-rate of more than 25,000 units per year to start fiscal year 2026.

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“The distinctive look of i300 is also a fit for purpose form factor. Of an estimated $130 billion and growing in two-wheelers sold globally, we see a large, underserved category of consumers that want superbike specifications but still need the maneuverability of a step-through for the city streets where they spend the most time. After first deliveries of i300 to customers in Europe and Thailand this summer, we expect to scale rapidly in Southeast Asia and India where urban mobility on two wheels is essential," said Swin Chatsuwan, CEO of Zapp EV.

Zapp EV shares are moving on heavy trading volume following the business update with more than 56 million shares already changing hands Thursday. According to data from Benzinga Pro, the stock has a float of less than 770,000 shares. 

How To Buy ZAPP Stock:

By now you're likely curious about how to participate in the market for Zapp Electric Vehicles ( ZAPP ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

ZAPP Price Action: According to Benzinga Pro, Zapp Electric Vehicles ( ZAPP ) shares are up 116% at $2.98 at the time of publication Thursday.

Image: Pete Linforth from Pixabay