Bit more downside to come
I hope so. Whilst i'm currently sitting on a loss, we do really need this downturn to end, which has been happening since December. I'm keeping my eye solely on indicators for trend reversals, which I think will only happen when the price is too good to ignore (especially considering we are in the middle of the 'great rotation'). I'm willing to hold till the end of 2022 and the fundamentals of the company will help me keep to this.
Another way to value Appen is to ask oneself how much could they be acquired for in 2 years time? Not that this would happen, but sometimes the best way to reach a valuation is to ask how much would someone be willing to pay for the company. Well in excess of 2 billion I would think.
Ann: Appen 2020 Full Year results, page-220
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Last
$2.04 |
Change
-0.120(5.56%) |
Mkt cap ! $450.8M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.23 | $1.96 | $21.47M | 10.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18866 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 42036 | 18 |
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| Last trade - 15.14pm 03/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |