Why did SPX.AX stock fall 33% intraday?

SPX.AX stock fell on 20 Jan 2026 due to thin liquidity, negative earnings metrics and a sector-wide tech pullback. Volume spiked to **4,159,028** shares, suggesting active selling rather than a low-volume glitch.

What is Meyka AI's forecast for SPX.AX stock?

Meyka AI's forecast model projects **A$0.002** for the year ahead versus the current **A$0.002**, implying roughly **-1.4%** on the model basis. Forecasts are projections and not guarantees.

Is SPX.AX stock a buy after the intraday drop?

Given negative EPS, weak cash flow and limited analyst coverage, Meyka AI's grade is **B (HOLD)**. Traders may consider small, disciplined positions; long-term investors should await clearer earnings improvement.

What catalysts could move SPX.AX stock higher?

Positive catalysts include stronger SaaS sales, payments contract wins, improved operating cash flow and a constructive **26 Feb 2026** earnings report. Any sign of sustained revenue growth could reduce downside risk.

AU Stocks

SPX.AX Spenda Limited (ASX) down 33% intraday 20 Jan 2026: liquidity watch

ByDanny Kontos January 20, 2026January 20, 2026

SPX.AX stock plunged 33.33% intraday to A$0.002 on 20 Jan 2026 on a surge in activity, making Spenda Limited one of the ASX top losers in the technology sector. The move followed a volume spike to 4,159,028 shares, near the 50-day average. Traders cite thin liquidity, weak earnings metrics and sector softening as drivers of the sell-off. We examine price action, valuation, technicals and short-term price targets to frame a clear intraday picture for investors.