AudioEye (NASDAQ:AEYE) Releases Q3 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.150-0.160 for the period, compared to the consensus estimate of -0.030. The company issued revenue guidance of $8.9 million-$9.0 million, compared to the consensus revenue estimate of $8.8 million. AudioEye also updated its FY 2024 guidance to 0.480-0.510 EPS.

AudioEye Stock Performance

Shares of AEYE traded up $7.51 during trading on Friday, reaching $27.15. 1,365,703 shares of the company traded hands, compared to its average volume of 263,585. AudioEye has a twelve month low of $3.75 and a twelve month high of $27.31. The stock has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $13.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

AEYE has been the subject of a number of recent analyst reports. HC Wainwright reiterated a buy rating and set a $23.00 price target on shares of AudioEye in a research report on Friday. 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 research note on Friday. B. Riley raised their price objective on shares of AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research note on Wednesday, April 24th. Roth Mkm initiated coverage on shares of AudioEye in a research note on Friday, June 21st. They issued a buy rating and a $25.00 price objective for the company. Finally, Roth Capital raised shares of AudioEye to a strong-buy rating in a research note on Friday, June 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $24.13.

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.