SPX.AX stock down 33% after hours on 23 Jan 2026: What investors should note
SPX.AX stock plunged -33.33% after hours on 23 Jan 2026, trading at A$0.002 on the ASX, with 1,571,504 shares changing hands. The move left the micro‑cap’s market capitalisation around A$972,972 and pushed price well below its 200‑day average of A$0.00506. Low liquidity and technical selling appear to have amplified the drop, while no major corporate announcement accompanied the decline. We examine the financials, technicals and Meyka AI’s forecast to frame near‑term risks and a modest downside bias for this Technology sector stock in Australia.
SPX.AX stock: After‑hours sell‑off in numbers
The share price closed the session at A$0.002, down A$0.001 or -33.33% from yesterday’s A$0.003 previous close. Volume for the move was 1,571,504 shares against an average volume of 4,511,491, indicating heightened interest but thin liquidity on the ASX.
Company snapshot and recent news for SPX.AX stock
Spenda Limited (SPX.AX) is an Australian Technology company listed on the ASX that provides SaaS payments, lending and legacy‑to‑cloud migration solutions with 78 employees and headquarters in North Sydney. Earnings are flagged for 26 Feb 2026 and we see comparator flows in sector screens; see recent sector links from Investing.com for market context source and source.
SPX.AX stock financials and valuation
Key metrics show EPS A$-0.01, PE -0.20, and Price/Book 0.06, reflecting negative earnings and a balance sheet where book value per share is A$0.03335. Revenue per share is A$0.02397 and cash per share is A$0.00798, leaving Spenda as a low‑valued micro‑cap (market cap A$972,972) but with persistent operating losses and stretched margins.
SPX.AX stock technicals and trading
Technical indicators show RSI 43.20 and ADX 36.30, suggesting trend strength amid recent weakness. The 50‑day average is A$0.00281 and the 200‑day average is A$0.00506, so price sits below both averages and liquidity (avg vol 4,511,491) is low versus typical ASX small caps.
Meyka AI rates SPX.AX with a score out of 100
Meyka AI rates SPX.AX with a score of 65.13/100 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects A$0.00197 for the next year versus the current A$0.002, implying an approximate -1.39% downside. Forecasts are model‑based projections and not guarantees.
Risks and outlook for SPX.AX stock
Downside risks include thin liquidity, ongoing operating losses and negative margins that pressure investor confidence. Near‑term technical support sits near A$0.001, while a medium‑term recovery target would need a sustained move above the 200‑day average at A$0.00506, which we view as a realistic price target if revenue growth and liquidity improve.
Final Thoughts
SPX.AX stock’s after‑hours drop to A$0.002 on 23 Jan 2026 sharpens the downside narrative for this micro‑cap Technology name on the ASX. Fundamentals show negative EPS (A$-0.01), low price/book of 0.06, and limited cash per share (A$0.00798), which together raise execution risk. Meyka AI’s proprietary model projects A$0.00197 for the year, implying about -1.39% from the current price, and we assign a medium‑term price target near A$0.00500 if revenue and liquidity metrics recover. Investors should watch the upcoming earnings on 26 Feb 2026, daily volume relative to the 4,511,491 average, and any material contract wins or capital actions from Spenda Limited. This analysis uses data from ASX trading and Meyka AI’s models and is for informational purposes only; forecasts and the Meyka grade are not investment advice. Visit our Meyka AI stock page for SPX.AX updates and real‑time tools: Meyka SPX page.
FAQs
Why did SPX.AX stock fall after hours on 23 Jan 2026?
The after‑hours fall to A$0.002 likely reflects thin liquidity and technical selling rather than a disclosed corporate event, amplified by average volume differences and the stock trading under its 200‑day average.
What is Meyka AI’s forecast for SPX.AX stock?
Meyka AI’s forecast model projects A$0.00197 over the next year, a small implied downside of about -1.39% from the current A$0.002. Forecasts are model‑based and not guarantees.
What valuation metrics matter for SPX.AX stock?
Key metrics include EPS A$-0.01, PE -0.20, Price/Book 0.06, revenue per share A$0.02397, and cash per share A$0.00798—these show low valuation but ongoing operating losses.
What should investors watch next for SPX.AX stock?
Monitor the earnings date 26 Feb 2026, daily traded volume versus the 4,511,491 average, any capital raises, and movement above the 200‑day average A$0.00506 which would signal improved technical health.
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.
