AudioEye (NASDAQ:AEYE) Updates FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.380-0.460 for the period, compared to the consensus earnings per share estimate of -0.190. The company issued revenue guidance of $34.3 million-$34.7 million, compared to the consensus revenue estimate of $34.2 million.

Analyst Ratings Changes

A number of equities research analysts recently commented on AEYE shares. Craig Hallum boosted their target price on AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. HC Wainwright reaffirmed a buy rating and set a $17.00 price objective on shares of AudioEye in a report on Wednesday. Finally, B. Riley raised their target price on shares of AudioEye from $14.00 to $18.50 and gave the company a buy rating in a report on Wednesday.

AudioEye Trading Up 2.9 %

AEYE traded up $0.42 during trading hours on Thursday, reaching $14.85. 361,879 shares of the company’s stock traded hands, compared to its average volume of 104,593. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $9.50 and a 200 day moving average price of $6.36. AudioEye has a 52-week low of $3.75 and a 52-week high of $16.22. The firm has a market capitalization of $173.15 million, a PE ratio of -38.08 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $7.87 million during the quarter, compared to analysts’ expectations of $7.91 million. AudioEye had a negative net margin of 14.83% and a negative return on equity of 12.39%. As a group, sell-side analysts predict that AudioEye will post 0.01 EPS for the current fiscal year.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.