The fundamentals are key with this one, if you believe you hold, but with this sort of revenue crash and cash loss, its possible in the future this could start looking more like a small penny stock. Plus the "strategy review" doesn't instill confidence. The market obviously knows this and everyone is running over each other trying to get out. Only the hardcore believers can hold from today's news.
Why do you think this stock has a bright future, if at this cash loss rate it can be over by next year?
I believe technology is the future, but which one is the right company? I got burnt on every technology stock and now this has become a risky penny stock, which is why everyone is negative here.
Ann: Appen 2022 Full Year Results, page-65
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$1.96 |
Change
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Mkt cap ! $437.2M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.02 | $1.92 | $14.14M | 7.169M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 48997 | $1.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 2996 | 1 |
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