I agree with you. AI is the industry you want to be in for next 2 to 3 years. Appen price is good at the moment. They still making around USD 290M (AUD 400M) revenue a year even with this downgrade. This is the time when company goes though a transition phase and implement their strategies to take advantage of next AI boom. Tell me any other AI company in ASX that is making that much revenue without cash burn. Current time is a fear for APX but remember this is the time to buy. Smart money sell at high and re enter at these prices. I have seen lot of 100 to 200k buy orders today that got filled. I am sure retail investors not buying 100 to 200k size orders.
Ann: Trading update, cost reduction program and strategy refresh, page-205
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 46.3¢ | $375.2K | 801.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13133 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 102291 | 3 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |