Yes, the lower end guidance, along with double digit the YoY drop in revenue and underlying EBITDA. Assuming the top end of revenue guidance, it still represents a 12% YoY decline in revenue. Assuming the bottom end of underlying EBITDA guidance, this represents an 82% decline in underlying earnings.
The recent rally over $3 has been 100% driven by speculation over ChatGPT and Google's Bard. In reality, neither of these generative AI's will generate any business for Appen in the short term. Maybe not even the medium term. So, whilst I believe in the long term prospects of Appen, I think the share price will return to the mid to low $2 range very soon.
Yes, the lower end guidance, along with double digit the YoY...
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$1.26 |
Change
-0.140(10.0%) |
Mkt cap ! $280.9M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.57 | $1.26 | $34.31M | 24.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 183772 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 87647 | 2 |
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