I've seen you make this remark many times. I don't want to be rude but interest rates have 0 to do with appen's share price performance. Yields affect highly levered REITs the most due to risk of LTV breach (and affect real estate fund managers even more), then small caps. It affects high p/e growth stocks a lot too but this market clearly doesn't care and still use 2021 discount rates on those nosebleed p/e large cap growth stocks. And REITs + small caps have bounced hard. Small caps were the ones struggling with spending and had weak sales. Appen's big clients are both reporting very strong ad revenue growth, yet even without facebook global service has declined ~10% in August report. You should not be buying this stock if your investment thesis is "falling bond yields will pump appen".
Is your name Kyle? https://www.ig.com/au/news-and-trade-ideas/au-earnings--appen---from-a-pandemic-bubble-to-95--loss-230823. I recall reading this article and thinking "this guy has no clue". No offence.
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Last
$2.68 |
Change
-0.190(6.62%) |
Mkt cap ! $698.7M |
Open | High | Low | Value | Volume |
$2.85 | $2.91 | $2.64 | $36.52M | 13.20M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 52289 | $2.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.69 | 3695 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 52289 | 2.680 |
6 | 246039 | 2.670 |
3 | 36606 | 2.660 |
16 | 87097 | 2.650 |
7 | 82770 | 2.640 |
Price($) | Vol. | No. |
---|---|---|
2.690 | 3695 | 1 |
2.700 | 5500 | 1 |
2.710 | 444 | 1 |
2.720 | 30434 | 2 |
2.730 | 188 | 1 |
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