APX.AX down 9.90% after hours 23 Feb 2026: Appen (ASX) AI growth questioned

APX.AX stock fell -9.90% to A$1.32 in after-hours trade on 23 Feb 2026. Volume spiked at 12,118,934.00 shares versus an average of 5,834,920.00. The move follows mixed signals on demand for labelled AI training data and a near-term earnings date. We examine financials, technicals, Meyka grade and a model forecast to frame near-term risk and a 12-month outlook for Appen Limited on the ASX in AUD.