Agree with your points but there are other stocks out there that are way more overvalued than Appen. like afterpay for example.
long term appen has considerable growth opportunities a head with AI adoption still early in it's infancy. Not to mention the diversity of different clients now board in Appens books. Government sectors for example is now only just taking off after figure 8 acquisition.
also the recent lock down from covid has seen a shift to online shopping and Appen does cater for those AI chat bots etc to enhance customer experiences.
Sure, maybe Appen has over heated a bit too quickly but in the medium to long term the current prices are undervalued. The current uptake in AI after all is only in it's infancy and as Appen captures more of the markets, the revenue will grow fast. And I have a trust in Artificial Intelligence as being next step in evolution of our society. Personally, it's been exciting being able to invest in a company like Appen that is at forefront of this. Another company is Brainchip (BRN) which I m a holder as well is also on the cusp of a finished product so it's an interesting times for me atleast lol. Good luck all.
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Last
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M |
Open | High | Low | Value | Volume |
62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 9900 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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62.5¢ | 125395 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 9900 | 0.620 |
8 | 71398 | 0.615 |
17 | 293660 | 0.610 |
13 | 182178 | 0.605 |
47 | 452256 | 0.600 |
Price($) | Vol. | No. |
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0.625 | 29000 | 2 |
0.630 | 74480 | 3 |
0.635 | 11574 | 2 |
0.640 | 70159 | 4 |
0.645 | 58642 | 6 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
Last updated 15.59pm 03/05/2024 ? |
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