Tech sector down, gold miners up - that's the theme today as the US-China trade war boils over.
When looking for a company like Appen, while it was trading near $1.00 in 2015, realistically you’re looking to the smaller end of a $100 million market cap company. Only a small number of investors will pour money into a company with such a small market cap.That’s treading water for investors and heading further into high risk territory. More often than not, most investors will err on the side of caution before even deciding to invest. It’s all about gauging your risk appetite.
The latest news out of Appen is that it has successfully completed its $285 million institutional placement at an offer price of $21.50 to facilitate the acquisition of Figure Eight Technologies Inc.
Appen's share price has continued its impressive rise today, surging another 18.82%, to trade at $22.35 per share. The price marks the company’s all-time high.
The share price, Appen Ltd [ASX:APX] has surged today, despite the poor performances sweeping across the ASX this week. The increase comes with the release of their Full Year Earnings Upgrade on the ASX this afternoon — showing exciting improvements for the company.
Around this time of year, I look back at the best stocks of the last 12 months. They reveal a lot about how the biggest trends develop. This helps me develop strategies to trade them.
Appen Ltd [ASX:APX] has been one of the hottest stocks this year. The stock now trades for more than 43-times earnings. Could the stock climb even higher on the back of the company’s most recent acquisition?