The guidance upgrade was already factored in, hence the share price going back to $22 and testing buying demand there.
Just like how next year, market expectations will be:
Feb 2020 - beats upgraded guidance from Nov 2019
Mid 2020 - update on F8 Synergies being very much so on track (this will be seen as an upgrade)
Aug 2020 - beats guidance
Nov 2020 - guidance upgrade of some sort
There are high expectations for this stock, as it is a hyper growth stock.
So far, Appen has yet to let me down, which is why I am comfortable for Appen to have all those expectations and still be the #1 largest holding in my portfolio of 25 stocks, of which 16 are growth stocks.
The guidance upgrade was already factored in, hence the share...
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Last
63.5¢ |
Change
-0.010(1.55%) |
Mkt cap ! $140.7M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.5¢ | 63.0¢ | $2.597M | 4.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 475890 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 91914 | 13 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
63.0¢ |
Change
-0.010 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| 65.5¢ | 66.5¢ | 62.5¢ | 1099890 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| APX (ASX) Chart |