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Appen Stock Price Prediction – Buy or Sell Appen Ltd. Shares

Appen Limited is a world-famous company. Before discussing “Appen stock price,” let’s learn more about the company. 

One of the popular questions is “What is Appen company?” 

It is a publicly traded data company listed on the Australian Securities Exchange (ASX). Interestingly, it is listed under the code APX.

The company provides or improves data utilized to develop machine learning and artificial intelligence products. Importantly, data types include image and video data, speech and natural language data, etc. 

Appen Limited’s global headquarters is located in Chatswood, New South Wales, Australia. The U.S. headquarters is situated in Kirkland, Washington. 

The company also operates in different parts of the country. For instance, they have an office in San Francisco, California. It also operates offices in other countries. For example, it has an office in Beijing, China.

Overall, Appen currently employs more than 1,100 employees. 

What’s interesting tasks are performed in more than 235 languages and 170 countries. 

What is Appen all about 

What is Appen all about 

The company’s customers utilize machine learning for various use cases, including computer vision, increasing conversions in eCommerce, etc.

The company was founded in the 1990s by Julie Vonwiller. As a reminder, her husband, Chris Vonwiller, left his previous job in 2000 in order to concentrate on the company founded by his wife. 

Appen continued to expand its operations. In 2011, it merged with the Butler Hill Group. We need to mention that Butler Hill Group was established by Lisa Braden-Harder. What’s interesting, Braden-Harder was a member of the team who worked on a grammar-checking technology at the IBM T.J. Watson Research Center.

After the merger, the combined business became Appen Butler Hill. The company expanded its business empire. Notably, Appen Butler Hill expanded its business scope to include language resources, search as well as text.

Appen made an important decision in 2012. It acquired Wikman Remer, which developed tools as well as platforms for employee engagement, etc. 

Do you know what the company did next? 

Appen Butler Hill was re-branded as Appen in 2013. Appen is an amazing company. In 2015, it went public on the Australian Securities Exchange.

In several months, Mark Brayan became the company’s new CEO; the previous CEO was Lisa Braden-Harder. The company’s current CEO is Armughan Ahmad. He is also the president of Appen.

In October 2016, Appen acquired a company called Mendip Media Group, a transcription services company. As you can see, Appen had ambitious plans even in 2016.

Appen acquired another company in November 2017. It paid $80 million for Leapforce, a data annotation company.  

Its next step was to acquire Figure Eight. Appen acquired the company mentioned earlier in 2019. Figure Eight wasn’t the last company bought by Appen.

The company acquired Quadrant in 2021. It is worth noting that, Quadrant is a global leader when it comes to Point-of-Interest data, etc. 

Are we ready to discuss the Appen stock price? Not yet. 

Artificial intelligence and the auto industry 

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In January, the company released its report called State of AI Automotive Report. Appen’s report is really interesting, to say the least. 

Appen’s research further highlights the importance of artificial intelligence. AI will revolutionize the automotive industry, according to the report. 

Survey participants mentioned some of the most important benefits AI will have on the automotive experience. 

For example, AI will help to reduce the number of accidents on the road. Moreover, it will help to make cars more eco-friendly. Furthermore, AI will help to solve other problems. 

The company’s CEO made an interesting comment. According to Armughan Ahmad, “Our latest State of AI report indicates that AI has tremendous potential to make the automotive experience safer, more innovative, and more enjoyable than ever before.” 

Respondents who took part in Appen’s survey are in favor of autonomous vehicles. Almost 80% of respondents feel safe with autonomous vehicles on the road.

Based on the information taken from the report, 89% of AI practitioners indicated that they agree or strongly agree that autonomous vehicles are the future of the automotive industry. 

Most respondents also believe that autonomous vehicles will relieve traffic congestion in the future.

The report also uncovered the significance of human oversight in order to ensure the accurate and safe rollout of artificial intelligence across the transportation space. 

More than 500 respondents from around the world took part in the survey. Last but not least, Appen’s research was conducted in collaboration with The Harris Poll. 

Quadrant

As stated earlier, Appen acquired Quadrant in 2021. What motivated Appen to buy Quadrant?

First of all, Quadrant is a global leader when it comes to mobile location data, etc.  

It is worth noting that, Quadrant’s data is verified. Companies, as well as investors, have the ability to use its data in order to solve various challenges. 

Let’s take a closer look at Quadrant. 

The company provides location data as well as location-based business solutions that are fit for purpose and simple to organize. What’s interesting is that Quadrant offers data for almost all countries in the world. Quadrant’s clients have the ability to use the data in order to make 

well-informed business decisions.

Now, let’s switch to Quadrant’s POI Data-as-a-Service. The company provides geospatial applications with a contextual layer of elaborate and applicable information on landmarks, etc.

Quadrant offers on-demand data collection as well as verification services. The company’s point-of-interest data is powered by Geolancer, a POI collection and verification platform which was created by Quadrant. 

Appen stock price 

Appen stock price 

The time has come to discuss Appen stock price. 

Appen has the potential to reach even better results in the future. So, it makes sense to keep an eye on Appen.

On February 8, Appen Ltd traded at 2.73 AUD, increasing 0.10 or 3.8% since the previous trading session. Interestingly, over the past four weeks, it rose by 2.63%. We need to mention that over the last 12 months, Appen Ltd’s price declined by 68.48%. 

We forecast Appen Ltd to be priced at 2.65 AUD by the end of this quarter. 

In conclusion, Appen is a world-famous company founded in Australia. Unsurprisingly, investors and analysts closely monitor any news regarding the company. 

As stated earlier, Appen bought a number of companies. It works with tech giants such as Microsoft and Amazon. All the factors mentioned above make Appen quite attractive to investors.  

 



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