AudioEye, Inc. (NASDAQ:AEYE - Free Report) - Research analysts at B. Riley upped their Q4 2024 earnings per share (EPS) estimates for shares of AudioEye in a note issued to investors on Tuesday, April 23rd. B. Riley analyst Z. Cummins now forecasts that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.02. B. Riley has a "Buy" rating and a $18.50 price objective on the stock. The consensus estimate for AudioEye's current full-year earnings is $0.01 per share.
Other analysts also recently issued research reports about the company. HC Wainwright reissued a "buy" rating and issued a $17.00 price target on shares of AudioEye in a report on Wednesday. Craig Hallum boosted their price objective on AudioEye from $10.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th.
Read Our Latest Report on AEYE
AudioEye Stock Performance
Shares of AEYE traded down $0.56 during mid-day trading on Friday, hitting $14.29. The stock had a trading volume of 129,845 shares, compared to its average volume of 104,908. The company has a market cap of $166.62 million, a PE ratio of -36.64 and a beta of 1.36. The company's fifty day simple moving average is $9.68 and its two-hundred day simple moving average is $6.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $16.22.
AudioEye (NASDAQ:AEYE - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%.
Hedge Funds Weigh In On AudioEye
A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. purchased a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,300 shares of the company's stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 0.17% of AudioEye as of its most recent SEC filing. Hedge funds and other institutional investors own 51.11% of the company's stock.
AudioEye Company Profile
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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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