APX.AX down 22.65% pre-market 14 Feb 2026: Appen ASX AI outlook

APX.AX stock opened pre-market at A$1.40, down 22.65% on heavy volume as traders reacted to fresh volatility and sector chatter. Appen Limited (APX.AX) is trading on the ASX in Australia with 10,750,961.00 shares changing hands versus an average 5,596,816.00. The move follows mixed signals on earnings, narrow margins, and heightened competition in AI data services, which connect directly to Appen’s revenue mix and near-term cash flow profile.