I remain optimistic about the SP performance due to two main reasons.
1. Shorters are out - good indication of a turnaround
2. return to positive EBITDA - FY24 we will be very likely see a positive EBITDA as the full impact of the $60m cost reduction will be realized in FY24. Any revenue growth will also contribute to EBITDA.
January EBITDA almost breakeven and I think Feb/March will be very interesting.
Going by past performance, Appen had created a market expectation that it will continue to be EBITDA positive - otherwise a company generating close to $300m should be valued well over $500m IMHO.
I remain optimistic about the SP performance due to two main...
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
66.5¢ |
Change
0.055(9.02%) |
Mkt cap ! $147.8M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 66.5¢ | 61.5¢ | $2.773M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25000 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 16258 | 3 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
66.5¢ |
Change
0.055 ( 8.02 %) |
||||
| Open | High | Low | Volume | ||
| 62.0¢ | 66.5¢ | 61.5¢ | 749194 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| APX (ASX) Chart |