If anyone is bored out of their mind with Tech, Tech, Tech and WAAAX, WAAAX, WAAAX, please take a look at CSL, a similar high PE growth stock from a completely different industry.
Falls several times, once into the $90’s and then rises into the $200’s. Drops into the $180’s in December due to a bit of fear that their growth was slowing (they were investing and never took their foot off the R&D pedal). Now they’re $270 (from $180, that’s up 50% before CGT discount even hits!).
At $180, Mr Market was being a worry wart.
After whatever happened (market moved on, weak hands sold, sector rotation, blah blah blah noise), CSL is back at its usual 35-40 PE multiple again.
You cannot hold a strong company down. Share price will follow EPS and growth, as sure as night follows day.
I am of the opinion that Appen is of the same caliber, but in the AI space.
If anyone is bored out of their mind with Tech, Tech, Tech and...
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Last
50.5¢ |
Change
0.040(8.60%) |
Mkt cap ! $112.6M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 52.0¢ | 46.5¢ | $1.718M | 3.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 112734 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 4880 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |