The Appen (ASX:APX) share price is down 28% this year

The Appen Ltd (ASX: APX) share price has been hit hard in 2021, particularly since the release of its full-year results in February. The timing coincides with a 10% tumble in the S&P/ASX All Technology Index (ASX: XTX) over the past month alone.

It’s a far cry from Appen’s all-time high of $43.66 reached in August last year. At the time of writing, the Appen share price is trading at $18.32.

We take a look to see what’s been happening with the artificial intelligence (AI) company.

Why is the Appen share price near multi-year lows?

The Appen share price hasn’t replicated the successes it saw during its first 5 years on the ASX boards. Since