I agree.
results should be good, there should be a solid move up in the few days before the results get released. On results day, providing they are good we could see a 20-40% pump.
At the end of the day, Appen business model is high scaleable and they are diversifying in both the products and services they are offering, along with their customer base.
The fundamentals haven't changed, it's still a rapidly growing company that is highly profitable and will continue to improve. Balance sheet is also very strong.
The results should be decent and send Appen back in the direction it likes to go.
Myself, I'll continue to buy whilst it's under $12. I think it's a value buy anywhere around these levels.
cheap rocket, page-2
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Last
$1.26 |
Change
0.105(9.09%) |
Mkt cap ! $262.5M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.28 | $1.17 | $16.12M | 13.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13975 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 16496 | 5 |
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| Last trade - 15.20pm 22/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |