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Appen Ltd
Buy, Hold or Sell?

Let's analyse Appen together

PenkeI guess you are interested in Appen Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Appen Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Appen (30 sec.)










What can you expect buying and holding a share of Appen? (30 sec.)

How much money do you get?

How much money do you get?
A$0.06
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$0.67
Expected worth in 1 year
A$-3.77
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
A$-4.36
Return On Investment
-792.4%

For what price can you sell your share?

Current Price per Share
A$0.55
Expected price per share
A$0.26 - A$0.89
How sure are you?
50%
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1. Valuation of Appen (5 min.)




Live pricePrice per Share (EOD)

A$0.55

Intrinsic Value Per Share

A$-19.54 - A$-10.06

Total Value Per Share

A$-18.86 - A$-9.38

2. Growth of Appen (5 min.)




Is Appen growing?

Current yearPrevious yearGrowGrow %
How rich?$96.1m$254.6m-$158.5m-164.8%

How much money is Appen making?

Current yearPrevious yearGrowGrow %
Making money-$288.6m$18.5m-$307.1m-106.4%
Net Profit Margin-114.4%6.4%--

How much money comes from the company's main activities?

3. Financial Health of Appen (5 min.)




4. Comparing to competitors in the Information Technology Services industry (5 min.)




  Industry Rankings (Information Technology Services)  


Richest
#202 / 402

Most Revenue
#107 / 402

Most Profit
#399 / 402

Most Efficient
#375 / 402
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What can you expect buying and holding a share of Appen? (5 min.)

Welcome investor! Appen's management wants to use your money to grow the business. In return you get a share of Appen.

What can you expect buying and holding a share of Appen?

First you should know what it really means to hold a share of Appen. And how you can make/lose money.

Speculation

The Price per Share of Appen is A$0.55. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Appen.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Appen, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.67. Based on the TTM, the Book Value Change Per Share is A$-1.11 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.02 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Appen.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.71-128.8%-0.71-128.8%0.0815.4%-0.05-8.3%-0.01-2.2%
Usd Book Value Change Per Share-0.72-131.4%-0.72-131.4%0.059.9%0.048.1%0.047.7%
Usd Dividend Per Share0.012.7%0.012.7%0.035.0%0.024.0%0.022.7%
Usd Total Gains Per Share-0.71-128.7%-0.71-128.7%0.0814.9%0.0712.1%0.0610.4%
Usd Price Per Share1.62-1.62-7.25-9.57-5.62-
Price to Earnings Ratio-2.28--2.28-85.79-75.28-60.69-
Price-to-Total Gains Ratio-2.29--2.29-88.74-62.44-70.58-
Price to Book Ratio3.69-3.69-6.24-13.53-13.44-
Price-to-Total Gains Ratio-2.29--2.29-88.74-62.44-70.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.357445
Number of shares2797
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.02
Usd Book Value Change Per Share-0.720.04
Usd Total Gains Per Share-0.710.07
Gains per Quarter (2797 shares)-1,980.48185.89
Gains per Year (2797 shares)-7,921.94743.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1166-8088-7932245498734
2333-16177-158544919971478
3499-24265-2377673614952222
4666-32354-3169898119932966
5832-40442-39620122624923710
6999-48530-47542147229904454
71165-56619-55464171734885198
81332-64707-63386196239865942
91498-72796-71308220744856686
101665-80884-79230245349837430

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%9.01.03.069.2%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%12.01.00.092.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%13.00.00.0100.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%12.01.00.092.3%
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Fundamentals of Appen

About Appen Ltd

Appen Limited, together with its subsidiaries, operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions. It operates through two segments, Global Services and New Markets. The company offers data sourcing services, including image, video, speech, sensor, multi-modal hardware device testing, and mobile location services; pre-labeled datasets of audio, image, video, and text; and language-based AI solutions. It also provides data preparation services comprising machine learning assisted data annotation tools, which include image annotation, video annotation, text, sensor, text utterance, audio annotation, and other solutions; enterprise-ready data annotation platform, which offers smart labeling, workflows, in-platform audit, and enterprise analytics; and knowledge graph and ontology support services. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is headquartered in Chatswood, Australia.

Fundamental data was last updated by Penke on 2024-02-14 05:45:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Appen Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Appen earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • A Net Profit Margin of -114.4% means that $-1.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Appen Ltd:

  • The MRQ is -114.4%. The company is making a huge loss. -2
  • The TTM is -114.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-114.4%TTM-114.4%0.0%
TTM-114.4%YOY6.4%-120.8%
TTM-114.4%5Y-16.1%-98.3%
5Y-16.1%10Y-4.7%-11.4%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-114.4%3.7%-118.1%
TTM-114.4%3.6%-118.0%
YOY6.4%3.5%+2.9%
5Y-16.1%3.4%-19.5%
10Y-4.7%3.3%-8.0%
1.1.2. Return on Assets

Shows how efficient Appen is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • -174.2% Return on Assets means that Appen generated $-1.74 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Appen Ltd:

  • The MRQ is -174.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -174.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-174.2%TTM-174.2%0.0%
TTM-174.2%YOY5.7%-179.9%
TTM-174.2%5Y-27.2%-147.0%
5Y-27.2%10Y-7.7%-19.5%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-174.2%1.2%-175.4%
TTM-174.2%1.3%-175.5%
YOY5.7%1.4%+4.3%
5Y-27.2%1.3%-28.5%
10Y-7.7%1.3%-9.0%
1.1.3. Return on Equity

Shows how efficient Appen is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • -300.1% Return on Equity means Appen generated $-3.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Appen Ltd:

  • The MRQ is -300.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -300.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-300.1%TTM-300.1%0.0%
TTM-300.1%YOY7.3%-307.4%
TTM-300.1%5Y-48.8%-251.3%
5Y-48.8%10Y-15.2%-33.6%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-300.1%2.7%-302.8%
TTM-300.1%2.7%-302.8%
YOY7.3%3.5%+3.8%
5Y-48.8%3.2%-52.0%
10Y-15.2%3.0%-18.2%
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1.2. Operating Efficiency of Appen Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Appen is operating .

  • Measures how much profit Appen makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • An Operating Margin of -8.6% means the company generated $-0.09  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Appen Ltd:

  • The MRQ is -8.6%. The company is operating very inefficient. -2
  • The TTM is -8.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-8.6%TTM-8.6%0.0%
TTM-8.6%YOY8.7%-17.3%
TTM-8.6%5Y7.6%-16.2%
5Y7.6%10Y10.5%-2.9%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.6%6.2%-14.8%
TTM-8.6%4.0%-12.6%
YOY8.7%5.4%+3.3%
5Y7.6%5.1%+2.5%
10Y10.5%4.7%+5.8%
1.2.2. Operating Ratio

Measures how efficient Appen is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 1.69 means that the operating costs are $1.69 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Appen Ltd:

  • The MRQ is 1.688. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.688. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.688TTM1.6880.000
TTM1.688YOY1.503+0.185
TTM1.6885Y1.658+0.030
5Y1.65810Y1.616+0.042
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6881.184+0.504
TTM1.6881.205+0.483
YOY1.5031.120+0.383
5Y1.6581.165+0.493
10Y1.6161.117+0.499
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1.3. Liquidity of Appen Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Appen is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 1.92 means the company has $1.92 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Appen Ltd:

  • The MRQ is 1.915. The company is able to pay all its short-term debts. +1
  • The TTM is 1.915. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.915TTM1.9150.000
TTM1.915YOY2.444-0.528
TTM1.9155Y2.269-0.354
5Y2.26910Y2.310-0.041
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9151.481+0.434
TTM1.9151.467+0.448
YOY2.4441.590+0.854
5Y2.2691.652+0.617
10Y2.3101.574+0.736
1.3.2. Quick Ratio

Measures if Appen is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • A Quick Ratio of 1.35 means the company can pay off $1.35 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Appen Ltd:

  • The MRQ is 1.348. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.348. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.348TTM1.3480.000
TTM1.348YOY2.059-0.711
TTM1.3485Y1.848-0.500
5Y1.84810Y1.984-0.137
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3481.002+0.346
TTM1.3481.019+0.329
YOY2.0591.169+0.890
5Y1.8481.207+0.641
10Y1.9841.176+0.808
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1.4. Solvency of Appen Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Appen assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Appen to Information Technology Services industry mean.
  • A Debt to Asset Ratio of 0.42 means that Appen assets are financed with 42.0% credit (debt) and the remaining percentage (100% - 42.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Appen Ltd:

  • The MRQ is 0.420. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.420. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.420TTM0.4200.000
TTM0.420YOY0.215+0.205
TTM0.4205Y0.296+0.123
5Y0.29610Y0.334-0.038
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4200.501-0.081
TTM0.4200.500-0.080
YOY0.2150.493-0.278
5Y0.2960.507-0.211
10Y0.3340.494-0.160
1.4.2. Debt to Equity Ratio

Measures if Appen is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Appen to the Information Technology Services industry mean.
  • A Debt to Equity ratio of 72.3% means that company has $0.72 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Appen Ltd:

  • The MRQ is 0.723. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.723. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.723TTM0.7230.000
TTM0.723YOY0.273+0.450
TTM0.7235Y0.452+0.271
5Y0.45210Y0.532-0.081
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7230.932-0.209
TTM0.7230.986-0.263
YOY0.2730.929-0.656
5Y0.4521.057-0.605
10Y0.5321.041-0.509
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2. Market Valuation of Appen Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Appen generates.

  • Above 15 is considered overpriced but always compare Appen to the Information Technology Services industry mean.
  • A PE ratio of -2.28 means the investor is paying $-2.28 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Appen Ltd:

  • The EOD is -0.504. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.284. Based on the earnings, the company is expensive. -2
  • The TTM is -2.284. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.504MRQ-2.284+1.779
MRQ-2.284TTM-2.2840.000
TTM-2.284YOY85.793-88.077
TTM-2.2845Y75.284-77.567
5Y75.28410Y60.689+14.595
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD-0.50416.287-16.791
MRQ-2.28413.644-15.928
TTM-2.28414.264-16.548
YOY85.79317.632+68.161
5Y75.28418.226+57.058
10Y60.68920.360+40.329
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Appen Ltd:

  • The EOD is -0.280. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.268. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.268. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.280MRQ-1.268+0.988
MRQ-1.268TTM-1.2680.000
TTM-1.268YOY79.367-80.636
TTM-1.2685Y77.155-78.423
5Y77.15510Y79.322-2.167
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD-0.2805.931-6.211
MRQ-1.2685.452-6.720
TTM-1.2684.027-5.295
YOY79.3676.893+72.474
5Y77.1556.239+70.916
10Y79.3225.963+73.359
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Appen is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 3.69 means the investor is paying $3.69 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Appen Ltd:

  • The EOD is 0.815. Based on the equity, the company is cheap. +2
  • The MRQ is 3.689. Based on the equity, the company is fair priced.
  • The TTM is 3.689. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD0.815MRQ3.689-2.874
MRQ3.689TTM3.6890.000
TTM3.689YOY6.244-2.555
TTM3.6895Y13.534-9.845
5Y13.53410Y13.443+0.091
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.8152.543-1.728
MRQ3.6892.234+1.455
TTM3.6892.372+1.317
YOY6.2442.819+3.425
5Y13.5342.815+10.719
10Y13.4433.248+10.195
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Appen Ltd.

3.1. Institutions holding Appen Ltd

Institutions are holding 20.066% of the shares of Appen Ltd.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Legato Capital Management LLC0.16?191146
Total 0.16019114600.0%

3.2. Funds holding Appen Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Smallcap World Fund1.56-1916906--
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.36-1675261--
2021-01-31Financial Investors Tr-Grandeur Peak International Stalwarts Fd0.63-777088--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.56-694044--
2021-02-28iShares Core MSCI EAFE ETF0.45-554754--
2021-02-28iShares MSCI EAFE Small Cap ETF0.39-481860--
2020-12-31Federated Hermes International Equity Fund0.26-318607--
2021-01-31Financial Investors Tr-Grandeur Peak International Opportunities Fund0.25-307900--
2020-11-30Principal International Small Company Fd0.23999999-291779--
2020-12-31Wasatch International Opportunities Fund0.19-233971--
Total 5.889999990725217000.0%
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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Appen Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.112-1.1120%0.083-1432%0.069-1723%0.065-1816%
Book Value Per Share--0.6750.6750%1.787-62%1.231-45%0.686-2%
Current Ratio--1.9151.9150%2.444-22%2.269-16%2.310-17%
Debt To Asset Ratio--0.4200.4200%0.215+96%0.296+42%0.334+26%
Debt To Equity Ratio--0.7230.7230%0.273+165%0.452+60%0.532+36%
Dividend Per Share--0.0230.0230%0.042-46%0.034-32%0.023-1%
Eps---1.090-1.0900%0.130-938%-0.070-94%-0.018-98%
Free Cash Flow Per Share---1.963-1.9630%0.141-1496%-0.246-87%-0.142-93%
Free Cash Flow To Equity Per Share---2.007-2.0070%0.076-2737%-0.158-92%-0.036-98%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---10.060--------
Intrinsic Value_10Y_min---19.536--------
Intrinsic Value_1Y_max---0.411--------
Intrinsic Value_1Y_min---0.899--------
Intrinsic Value_3Y_max---1.690--------
Intrinsic Value_3Y_min---3.634--------
Intrinsic Value_5Y_max---3.518--------
Intrinsic Value_5Y_min---7.371--------
Market Cap120583100.000-353%545912580.000545912580.0000%2446740720.000-78%3228557692.000-83%1894908606.000-71%
Net Profit Margin---1.144-1.1440%0.064-1894%-0.161-86%-0.047-96%
Operating Margin---0.086-0.0860%0.087-200%0.076-214%0.105-183%
Operating Ratio--1.6881.6880%1.503+12%1.658+2%1.616+4%
Pb Ratio0.815-353%3.6893.6890%6.244-41%13.534-73%13.443-73%
Pe Ratio-0.504+78%-2.284-2.2840%85.793-103%75.284-103%60.689-104%
Price Per Share0.550-353%2.4902.4900%11.160-78%14.726-83%8.643-71%
Price To Free Cash Flow Ratio-0.280+78%-1.268-1.2680%79.367-102%77.155-102%79.322-102%
Price To Total Gains Ratio-0.505+78%-2.285-2.2850%88.736-103%62.442-104%70.577-103%
Quick Ratio--1.3481.3480%2.059-35%1.848-27%1.984-32%
Return On Assets---1.742-1.7420%0.057-3147%-0.272-84%-0.077-96%
Return On Equity---3.001-3.0010%0.073-4223%-0.488-84%-0.152-95%
Total Gains Per Share---1.090-1.0900%0.126-966%0.102-1165%0.088-1338%
Usd Book Value--96176101.40096176101.4000%254677612.800-62%175330462.121-45%97704418.799-2%
Usd Book Value Change Per Share---0.723-0.7230%0.054-1432%0.045-1723%0.042-1816%
Usd Book Value Per Share--0.4390.4390%1.162-62%0.800-45%0.446-2%
Usd Dividend Per Share--0.0150.0150%0.027-46%0.022-32%0.015-1%
Usd Eps---0.709-0.7090%0.085-938%-0.045-94%-0.012-98%
Usd Free Cash Flow---279730607.900-279730607.9000%20035117.200-1496%-35033950.235-87%-16138862.167-94%
Usd Free Cash Flow Per Share---1.276-1.2760%0.091-1496%-0.160-87%-0.092-93%
Usd Free Cash Flow To Equity Per Share---1.304-1.3040%0.049-2737%-0.103-92%-0.024-98%
Usd Market Cap78366956.690-353%354788585.742354788585.7420%1590136793.928-78%2098239644.031-83%1231501103.039-71%
Usd Price Per Share0.357-353%1.6181.6180%7.253-78%9.570-83%5.617-71%
Usd Profit---288602392.800-288602392.8000%18534498.100-1657%-41358433.213-86%-18863187.321-93%
Usd Revenue--252247636.700252247636.7000%290605384.600-13%250543910.998+1%150067537.586+68%
Usd Total Gains Per Share---0.708-0.7080%0.082-966%0.066-1165%0.057-1338%
 EOD+3 -5MRQTTM+0 -0YOY+4 -315Y+5 -3010Y+5 -30

4.2. Fundamental Score

Let's check the fundamental score of Appen Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.504
Price to Book Ratio (EOD)Between0-10.815
Net Profit Margin (MRQ)Greater than0-1.144
Operating Margin (MRQ)Greater than0-0.086
Quick Ratio (MRQ)Greater than11.348
Current Ratio (MRQ)Greater than11.915
Debt to Asset Ratio (MRQ)Less than10.420
Debt to Equity Ratio (MRQ)Less than10.723
Return on Equity (MRQ)Greater than0.15-3.001
Return on Assets (MRQ)Greater than0.05-1.742
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of Appen Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.930
Ma 20Greater thanMa 500.376
Ma 50Greater thanMa 1000.442
Ma 100Greater thanMa 2000.649
OpenGreater thanClose0.560
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Income before Tax  39,414-87138,54310,30348,846-12,97135,875-274,943-239,068
Net Income  29,393-26229,1319,70738,838-10,31928,519-472,591-444,072
EBIT  41,669-95440,7159,02949,744-10,98438,760-72,333-33,573
Operating Income  41,693-97740,7159,02949,744-10,98438,760-72,333-33,573
Net Income from Continuing Operations  41,728-11741,6118,90350,514-21,99528,519-267,587-239,068
Net Income Applicable to Common Shares  41,728-11741,6118,90350,514-21,99528,519-267,587-239,068



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets254,941
Total Liabilities106,955
Total Stockholder Equity147,986
 As reported
Total Liabilities 106,955
Total Stockholder Equity+ 147,986
Total Assets = 254,941

Assets

Total Assets254,941
Total Current Assets124,674
Long-term Assets130,267
Total Current Assets
Cash And Cash Equivalents 23,429
Net Receivables 64,282
Inventory 649
Other Current Assets 30,448
Total Current Assets  (as reported)124,674
Total Current Assets  (calculated)118,808
+/- 5,866
Long-term Assets
Property Plant Equipment 12,787
Goodwill 53,114
Long Term Investments 2,418
Intangible Assets 56,446
Other Assets 5,502
Long-term Assets  (as reported)130,267
Long-term Assets  (calculated)130,267
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities65,090
Long-term Liabilities41,865
Total Stockholder Equity147,986
Total Current Liabilities
Short-term Debt 3,152
Accounts payable 24,685
Other Current Liabilities 37,253
Total Current Liabilities  (as reported)65,090
Total Current Liabilities  (calculated)65,090
+/-0
Long-term Liabilities
Long term Debt Total 7,025
Other Liabilities 34,840
Long-term Liabilities  (as reported)41,865
Long-term Liabilities  (calculated)41,865
+/-0
Total Stockholder Equity
Common Stock262,917
Retained Earnings -243,085
Accumulated Other Comprehensive Income 128,154
Total Stockholder Equity (as reported)147,986
Total Stockholder Equity (calculated)147,986
+/-0
Other
Capital Stock262,917
Cash and Short Term Investments 23,429
Common Stock Shares Outstanding 123,446
Liabilities and Stockholders Equity 254,941
Net Debt -13,252
Net Invested Capital 147,986
Net Tangible Assets 38,426
Net Working Capital 59,584
Property Plant and Equipment Gross 33,238
Short Long Term Debt Total 10,177



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312009-12-31
> Total Assets 
6,192
19,657
19,169
23,800
30,139
30,593
38,910
146,678
167,930
443,946
461,596
498,917
254,941
254,941498,917461,596443,946167,930146,67838,91030,59330,13923,80019,16919,6576,192
   > Total Current Assets 
0
0
0
13,200
18,922
22,053
27,906
53,170
80,523
141,863
154,371
162,765
124,674
124,674162,765154,371141,86380,52353,17027,90622,05318,92213,200000
       Cash And Cash Equivalents 
2,868
3,034
1,223
5,771
8,649
9,265
11,862
18,732
28,208
52,698
60,307
47,878
23,429
23,42947,87860,30752,69828,20818,73211,8629,2658,6495,7711,2233,0342,868
       Net Receivables 
2,137
7,352
8,789
12,500
10,062
12,580
15,744
33,468
42,594
81,444
50,476
89,243
64,282
64,28289,24350,47681,44442,59433,46815,74412,58010,06212,5008,7897,3522,137
       Other Current Assets 
0
163
0
0
211
208
415
970
9,721
5,521
31,431
12,952
30,448
30,44812,95231,4315,5219,721970415208211001630
   > Long-term Assets 
0
0
0
10,600
0
8,540
11,005
93,507
87,407
302,083
307,226
336,152
130,267
130,267336,152307,226302,08387,40793,50711,0058,540010,600000
       Property Plant Equipment 
374
492
408
400
358
276
522
1,374
3,456
19,251
21,893
16,675
12,787
12,78716,67521,89319,2513,4561,374522276358400408492374
       Goodwill 
0
6,188
6,689
7,627
8,323
6,798
8,256
87,258
57,095
202,163
202,057
247,654
53,114
53,114247,654202,057202,16357,09587,2588,2566,7988,3237,6276,6896,1880
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
2,418
2,418000000000000
       Intangible Assets 
519
8,347
8,239
9,600
10,852
1,461
2,218
3,420
26,830
76,871
74,261
67,134
56,446
56,44667,13474,26176,87126,8303,4202,2181,46110,8529,6008,2398,347519
       Long-term Assets Other 
0
0
0
-100
0
6
9
1,455
26
1,011
798
629
424
4246297981,011261,455960-100000
> Total Liabilities 
6,068
15,530
13,301
8,200
10,490
9,727
13,413
73,817
69,737
106,661
88,030
107,045
106,955
106,955107,04588,030106,66169,73773,81713,4139,72710,4908,20013,30115,5306,068
   > Total Current Liabilities 
5,934
13,597
10,520
7,200
9,295
8,356
11,108
19,430
28,407
90,171
59,839
66,608
65,090
65,09066,60859,83990,17128,40719,43011,1088,3569,2957,20010,52013,5975,934
       Short-term Debt 
0
0
0
1,100
0
8
6
67,885
0
3,254
5,022
5,004
3,152
3,1525,0045,0223,254067,8856801,100000
       Short Long Term Debt 
0
0
0
3,082
0
8
6
67,885
0
0
0
0
0
0000067,8856803,082000
       Accounts payable 
185
1,189
1,739
2,904
3,801
3,417
5,842
7,207
14,587
17,484
21,746
25,311
24,685
24,68525,31121,74617,48414,5877,2075,8423,4173,8012,9041,7391,189185
       Other Current Liabilities 
2,050
6,206
8,000
100
5,494
7,211
8,661
11,258
12,738
53,946
25,632
16,149
37,253
37,25316,14925,63253,94612,73811,2588,6617,2115,4941008,0006,2062,050
   > Long-term Liabilities 
0
0
0
1,000
0
1,370
2,305
54,387
41,330
16,490
28,190
40,437
41,865
41,86540,43728,19016,49041,33054,3872,3051,37001,000000
       Long term Debt Total 
0
0
0
0
0
8
6
67,885
56,330
18,043
18,705
10,056
7,025
7,02510,05618,70518,04356,33067,8856800000
       Capital Lease Obligations Min Short Term Debt
0
0
0
-1,100
0
-8
-6
-67,881
0
19,437
20,215
10,056
7,025
7,02510,05620,21519,4370-67,881-6-80-1,100000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
1,069
0
18,359
19,131
19,13118,35901,069000000000
       Deferred Long Term Liability 
0
0
0
25
0
0
0
0
0
0
0
0
0
00000000025000
> Total Stockholder Equity
124
4,128
5,868
15,600
19,649
20,866
25,497
72,861
98,193
337,286
373,567
391,872
147,986
147,986391,872373,567337,28698,19372,86125,49720,86619,64915,6005,8684,128124
   Common Stock
680
2,169
7,994
17,400
18,476
13,890
14,051
54,264
49,028
253,525
278,433
262,917
262,917
262,917262,917278,433253,52549,02854,26414,05113,89018,47617,4007,9942,169680
   Retained Earnings Total Equity0000000000000
   Accumulated Other Comprehensive Income 
0
0
0
2,400
0
9,794
14,233
21,615
51,892
86,470
98,109
132,972
128,154
128,154132,97298,10986,47051,89221,61514,2339,79402,400000
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
0
0
0
3,023
3,755
3,363
5,684
2,018
7,016
34,210
-657
132,972
-8,019
-8,019132,972-65734,2107,0162,0185,6843,3633,7553,023000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue388,133
Cost of Revenue-237,712
Gross Profit388,133150,421
 
Operating Income (+$)
Gross Profit388,133
Operating Expense-417,445
Operating Income-33,573-29,312
 
Operating Expense (+$)
Research Development-
Selling General Administrative95,713
Selling And Marketing Expenses-
Operating Expense417,44595,713
 
Net Interest Income (+$)
Interest Income3,556
Interest Expense-491
Other Finance Cost-3,878
Net Interest Income-813
 
Pretax Income (+$)
Operating Income-33,573
Net Interest Income-813
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-239,068171,922
EBIT - interestExpense = -34,064
-239,068
-443,581
Interest Expense491
Earnings Before Interest and Taxes (EBIT)-33,573-238,577
Earnings Before Interest and Taxes (EBITDA)8,009
 
After tax Income (+$)
Income Before Tax-239,068
Tax Provision-0
Net Income From Continuing Ops-239,068-239,068
Net Income-444,072
Net Income Applicable To Common Shares-239,068
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses417,445
Total Other Income/Expenses Net-205,495813
 

Technical Analysis of Appen
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Appen. The general trend of Appen is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Appen's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Appen Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.755 < 0.8 < 0.89.

The bearish price targets are: 0.36 > 0.26.

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Appen Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Appen Ltd. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Appen Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Appen Ltd. The current macd is 0.0345989.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Appen price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Appen. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Appen price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Appen Ltd Daily Moving Average Convergence/Divergence (MACD) ChartAppen Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Appen Ltd. The current adx is 35.81.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Appen shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Appen Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Appen Ltd. The current sar is 0.42939159.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Appen Ltd Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Appen Ltd. The current rsi is 66.93. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
Appen Ltd Daily Relative Strength Index (RSI) ChartAppen Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Appen Ltd. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Appen price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Appen Ltd Daily Stochastic Oscillator ChartAppen Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Appen Ltd. The current cci is 149.28.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Appen Ltd Daily Commodity Channel Index (CCI) ChartAppen Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Appen Ltd. The current cmo is 47.73.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Appen Ltd Daily Chande Momentum Oscillator (CMO) ChartAppen Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Appen Ltd. The current willr is -27.14285714.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Appen is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Appen Ltd Daily Williams %R ChartAppen Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Appen Ltd.

Appen Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Appen Ltd. The current atr is 0.05465829.

Appen Ltd Daily Average True Range (ATR) ChartAppen Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Appen Ltd. The current obv is -109,543,269.

Appen Ltd Daily On-Balance Volume (OBV) ChartAppen Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Appen Ltd. The current mfi is 87.13.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Appen Ltd Daily Money Flow Index (MFI) ChartAppen Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Appen Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-31STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-23BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-29RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Appen Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Appen Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.930
Ma 20Greater thanMa 500.376
Ma 50Greater thanMa 1000.442
Ma 100Greater thanMa 2000.649
OpenGreater thanClose0.560
Total2/5 (40.0%)
Penke

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