AudioEye (NASDAQ:AEYE – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.180-0.190 for the period, compared to the consensus 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
Shares of NASDAQ AEYE traded up $1.11 during midday trading on Thursday, reaching $27.03. 210,612 shares of the company were exchanged, compared to its average volume of 174,816. AudioEye has a one year low of $3.91 and a one year high of $29.30. The stock has a market cap of $321.09 million, a P/E ratio of -92.57, a PEG ratio of 5.71 and a beta of 1.03. 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 stock’s 50-day moving average price is $22.83 and its 200-day moving average price is $21.42.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on AEYE shares. Craig Hallum raised their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, July 26th. HC Wainwright raised their price target on shares of AudioEye from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $25.38.
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.
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