APX 1.10% 46.0¢ appen limited

It has fallen 48% since September highs of $42ish as the Nasdaq...

  1. 2 Posts.
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    It has fallen 48% since September highs of $42ish as the Nasdaq and XIJ (Aus tech index) has increased 15%. It is one of few waaax and tech stocks that actually earn a profit. It is on a fy21 forward PE of 45x and a P/S of 4.5x with 20% revenue 30ish% earnings growth over the next 2 years. It is in an extremely high growth industry (AI) of 41% industry wide growth for the next 5 years. It is the market leader in a niche AI space with strong customers (apple, amazon, google, adobe etc etc) who are performing well and somewhat rely on doing business with them. Average broker price target is $31.82 (out of 5 brokers). The 15% earnings downgrade which should be a one time event should not equate to a 48% drop in SP (especially when the tech industry is booming like this).
 
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Last
46.0¢
Change
0.005(1.10%)
Mkt cap ! $102.5M
Open High Low Value Volume
45.5¢ 46.0¢ 45.5¢ $121.9K 266.2K

Buyers (Bids)

No. Vol. Price($)
10 104525 45.5¢
 

Sellers (Offers)

Price($) Vol. No.
46.0¢ 14999 1
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Last trade - 16.10pm 10/07/2024 (20 minute delay) ?
APX (ASX) Chart
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