SPX.AX Spenda Limited (ASX): A$0.003 today after 50% jump, what comes next
SPX.AX stock led ASX small‑caps today, rising 50.00% to A$0.003 on volume 4,481,237 as traders reacted to short‑term flows. The move pushed price from the day low A$0.002 to a day high A$0.003, making Spenda Limited one of the session’s top gainers on the ASX in Australia. We examine the drivers, key ratios, technicals and what Meyka AI’s model now projects for shareholders.
SPX.AX stock: Market move and immediate drivers
Spenda Limited (SPX.AX) finished the market closed session at A$0.003, up 50.00% or A$0.001 on the day. Trading volume hit 4,481,237 shares, near the 30‑day average 4,479,206, suggesting the jump was liquidity‑driven rather than a sustained re‑rating.
One clear catalyst is short‑term buying interest ahead of the earnings announcement scheduled for 26 Feb 2026. The price action connects directly to event timing and microcap volatility rather than fresh large contract wins or M&A news.
SPX.AX stock: Fundamentals and key financial ratios
Spenda reports a market cap of A$1,216,215.00 and EPS of -0.01, producing a P/E of -0.25, reflecting losses. Price‑to‑sales is 0.1097 and price‑to‑book is 0.07497, showing very low valuation relative to book value per share A$0.03335.
Operating cash flow per share is -0.00405 and free cash flow per share is -0.00416, while the current ratio is 1.38, signalling short‑term liquidity intact but negative profitability. These metrics underline why SPX.AX stock is high risk despite low nominal price.
SPX.AX stock: Technicals and trading signals
Technicals show an RSI of 43.20 and ADX 36.30, indicating a strong trend but neutral momentum. The 50‑day average A$0.00274 sits just below today’s close, while the 200‑day average A$0.00502 remains higher, signalling longer‑term downtrend pressure.
Market breadth and on‑balance volume are weak (OBV -3,511,495.00), so follow‑through on this top‑gainer move will need sustained volume above the average 4,479,206.
SPX.AX stock: Meyka AI rates SPX.AX with a score out of 100
Meyka AI rates SPX.AX with a score out of 100: 65.24 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s scoring reflects mixed signals: attractive price multiples versus weak earnings and cash flow. Investors should treat this grade as informational and not investment advice.
SPX.AX stock: Meyka AI’s forecast and implied move
Meyka AI’s forecast model projects a 12‑month value of A$0.002528. Compared with the current price A$0.003, that implies an expected downside of -15.73%. Forecasts are model‑based projections and not guarantees.
Given the forecast, our scenario analysis sets a near‑term base case flat at A$0.003, a conservative target A$0.002 (bear), and a bullish target A$0.006 assuming successful SaaS or payments contract wins and margin recovery.
SPX.AX stock: Risks, catalysts and sector context
Key risks for SPX.AX stock include continued operating losses (negative EPS), thin market cap A$1.22M, and dependence on successful conversion of legacy IT assets. Debt‑to‑equity is 0.31, modest but paired with negative interest coverage -4.26.
Catalysts include the 26 Feb 2026 earnings update, improved payment volumes in the SaaS and Payments segment, and broader Technology sector strength in Australia. For macro context see recent market coverage on U.S. indices and earnings trends from Investing.com and Investing.com NASDAQ coverage.
Final Thoughts
SPX.AX stock is trading as a speculative microcap play after a 50.00% intraday surge to A$0.003 on the ASX in Australia. Fundamentals remain weak: negative EPS -0.01, negative operating cash flow per share -0.00405, and a small market cap A$1,216,215.00. Meyka AI’s model projects A$0.002528, implying -15.73% from today’s price, a reminder that near‑term spikes can reverse. For active traders, the upcoming 26 Feb 2026 earnings report is the main event to watch. For longer‑term investors, watch revenue growth, cash‑flow recovery and execution in the SaaS and Payments segments before increasing exposure. Meyka AI, our AI‑powered market analysis platform, flags a Hold (Grade B) and recommends position sizing consistent with a high‑risk microcap. Scenario targets: bear A$0.002, base A$0.003, bull A$0.006. Forecasts are model‑based projections and not guarantees.
FAQs
What caused the SPX.AX stock jump today?
SPX.AX stock rose 50.00% to A$0.003 on higher liquidity and positioning ahead of the 26 Feb 2026 earnings announcement. Volume near the 30‑day average suggests short‑term flow rather than new long‑term contracts.
What is Meyka AI’s forecast for SPX.AX stock?
Meyka AI’s forecast model projects A$0.002528 for SPX.AX stock over 12 months, implying roughly -15.73% from the current A$0.003 price. Forecasts are model‑based projections and not guarantees.
Is SPX.AX stock a buy now?
Meyka AI assigns SPX.AX a Grade B (Score 65.24) with a Hold suggestion. Given negative EPS and weak cash flow, most analysts view it as speculative until earnings and execution improve.
What price targets should investors consider for SPX.AX stock?
Scenario targets: bear A$0.002, base A$0.003, bull A$0.006. Use strict risk limits and monitor the 26 Feb 2026 earnings report for evidence of revenue and cash‑flow recovery.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
