i never said they won't meet guidance. i always thought there's good chance they will since they are contractors and pretty much know the amount of work they'll be getting, even after macquarie's downgrade. it's the future earnings that's in question, appen is in structural decline. my sentiment has gotten worse after the facebook issue, not better as you're implying.
the fair price of appen is easily below $6.
Citi rates APX as Buy. Target Price is $14.80, page-18
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Last
$1.55 |
Change
0.050(3.33%) |
Mkt cap ! $345.7M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.60 | $1.46 | $32.96M | 21.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110249 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 74197 | 4 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |