AudioEye (NASDAQ:AEYE) Issues Q4 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.180-0.190 for the period, compared to the consensus EPS estimate of 0.010. The company issued revenue guidance of $9.7 million-$9.8 million, compared to the consensus revenue estimate of $9.5 million.

AudioEye Price Performance

NASDAQ AEYE traded up $4.71 during trading on Friday, hitting $31.74. 570,572 shares of the stock traded hands, compared to its average volume of 138,250. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $377.04 million, a P/E ratio of -117.56, a price-to-earnings-growth ratio of 6.91 and a beta of 1.03. AudioEye has a 12-month low of $3.91 and a 12-month high of $32.62. The firm has a 50-day simple moving average of $23.05 and a 200-day simple moving average of $21.71.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Craig Hallum increased their price objective on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up from $25.00) on shares of AudioEye in a research note on Friday. Finally, HC Wainwright increased their target price on shares of AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AudioEye has a consensus rating of “Buy” and a consensus target price of $27.88.

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.