|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||N/A|
|Earnings date||16 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Shares of Appian (NASDAQ: APPN) got chopped in half last year as compressing valuations in the software sector dinged the low-code software specialist even as it continued to post solid growth. According to data from S&P Global Market Intelligence, the stock finished 2022 down 50%. As you can see from the chart below, Appian shares declined steadily over the course of the year, mirroring a broader decline in the software-as-a-service (SaaS) sector.
Appian (NASDAQ: APPN) has certainly fallen out of favor with investors recently. The provider of low-code app development software could still have a very bright future ahead of it, and of all the beaten-down growth stocks in my portfolio, it's my favorite as we head into 2023. Companies such as T-Mobile and GlaxoSmithKline use Appian, as do several U.S. government agencies.