What drove the APX.AX stock jump after hours on 02 Feb 2026?

The after-hours rise to **A$1.85** followed heavy volume of **37,853,798** shares and bullish momentum. Market participants appear to be re-rating Appen on stronger AI demand and possible contract or guidance updates ahead of the **02 Mar 2026** earnings report.

How does Meyka AI view APX.AX stock and what is the grade?

Meyka AI rates APX.AX **62 / B / HOLD**. The grade combines benchmark and sector comparisons, financial growth, key metrics, forecasts and analyst signals. This is informational and not personalised financial advice.

What are the key valuation metrics for APX.AX stock?

Important metrics: **Price/Sales 1.39**, **Price/Book 3.31**, **PE -20.56** and **Current Ratio 2.77**. EPS is **-A$0.09**, indicating negative trailing earnings despite revenue per share of **A$1.34**.

What price targets and risks should investors consider for APX.AX stock?

Meyka suggests a Bear **A$0.80**, Base **A$1.50**, Bull **A$3.00** range. Key risks are margin pressure, customer concentration and slower AI spending. Catalysts include earnings on **02 Mar 2026** and contract announcements.

AU Stocks

A$1.85 surge: Appen (APX.AX ASX) up 31% after hours 02 Feb 2026, AI outlook

ByHuzaifa Zahoor February 2, 2026

APX.AX stock jumped to A$1.85 in after-hours trade on 02 Feb 2026, up 31.21% on heavy volume. The move followed a sharp intraday rally from an open of A$1.42 and a session low of A$1.41. Volume spiked to 37,853,798 shares versus an average of 4,144,688, signalling a decisive re-rating. We summarise why the market moved, what the numbers show, and the outlook for Appen Limited (APX.AX) on the ASX in the AI data services theme