Morning fellow Appen shareholders,
I just looked at the APX operating performance and share price performance. APX SP peaked in Aug 2020 with a Market Cap of A$4.2bn and since then the shorters started their business and the share price plummeted to under 30c in ! This was insane as the MC dropped to A$68m ( Value loss of > A$4.1bn).
From the beginning of 2024 shorters have exited and I think realising that the bottom in. Q1 FY24 result is such an important indicator for the SP and recent price performance is any indicator, investors are expecting a recovery.
Regardless, APX is way oversold due to short activity - if APX can improve revenue over $300m and make some positive EBITDA, I expect the SP to be in $5 territory.
FY23 FY22 FY21 FY20 FY19 1 AU$ M AU$ M AU$ M AU$ M AU$ M 2 Revenue 273 388 447 600 536 3 EBITDA -20 13.6 77 108 101 4 5 SOI 219 123 123 122 121 6 Share Price (when Results issued) 0.48 2 6 15 20 7 Market Cap 105.12 246 738 1830 2420
SP got smashed by short selling aided by poor performance! I think reading the FY24 outlook and the unsolicited offer 70c indicates that recovery is on the cards for Appen.
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Last
51.5¢ |
Change
-0.005(0.96%) |
Mkt cap ! $114.5M |
Open | High | Low | Value | Volume |
52.5¢ | 53.0¢ | 50.5¢ | $1.020M | 1.981M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 60375 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 36775 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60375 | 0.510 |
20 | 264230 | 0.505 |
42 | 1340960 | 0.500 |
3 | 31299 | 0.495 |
7 | 103242 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 36775 | 5 |
0.520 | 24743 | 6 |
0.525 | 83546 | 3 |
0.530 | 30000 | 2 |
0.535 | 15109 | 2 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
51.0¢ |
  |
Change
-0.005 ( 2.15 %) |
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Open | High | Low | Volume | ||
53.0¢ | 53.0¢ | 50.5¢ | 690252 | ||
Last updated 15.58pm 05/06/2024 ? |
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