scroll

Appen (APX)

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 07/05/2021

Appen (APX)

Hi James and team. What is your long term view on Appen given today's slamming? Thanks Rob

Answer

Hi Rob,

We touched on our technical view for APX in Fridays AM Note and that opinion is available on the APX Stock page (click here) but a long-term view is very hard to derive for this AI business. The current business model is very labour intensive for a tech business which questions where its valuation should be priced, however into current weakness we like the risk / reward but are watching its business evolution very carefully.

chart

Appen Ltd (APX)

LAST UPDATED 07/05/2021 15:58

Latest Reports

Afternoon report 19/04/2024

The Match Out: Middle East tensions see risk off for equities

Shares tracked pre-market futures lower early in our session before headlines of a further escalation in the Middle Eastern conflict caused another wave of selling took the market to 2 month lows. Energy found support with oil cracking $US90/bbl again which was also a concern for those positioned for inflation to roll off. Until midday, traders had no interest in taking risk in today’s session but the afternoon painted a different picture. The ASX closed well off the intraday lows with many sectors rallying more than 0.5% between midday and the end of trade. Despite the Friday afternoon fight, the local market had its worst week since September, falling -220pts / -2.83%.