First phase of re rates always wakes up the market.
This one is a little different - A.I is a new industry with an unknown business cycle and driven at 0.25x sales by a bunch of lazy losers.
Rerate to 1x revenue is bottom end of lower valuation.
The Journey of Appen’s Stock Price and Business Operations Through Recent Years, page-319
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Last
$1.96 |
Change
-0.030(1.51%) |
Mkt cap ! $439.6M | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.05 | $1.90 | $16.06M | 8.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 70913 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 5000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |