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5.35% $1.97 appen limited

Next trading update is more likely to be a positive...

  1. kanishka820
    84 Posts.
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    26/10/23
    09:39
    Post #: 70544996
    Next trading update is more likely to be a positive announcement.
    Traditionally second half year has delivered atleast 20% more revenue than first half at Appen. This has been the case atleast last 5 years or so. However this year during half year report, ceo said they expect revenue to be around 1st half value. It is very likely that the ceo set a conservative target since this is his first time giving guidance.
    So Im expecting a positive news in Nov and share price to rebound atleast 50% on that.
    APX Price at posting: 97.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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