AudioEye (NASDAQ:AEYE) Issues Q4 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.180-0.190 for the period, compared to the consensus earnings per share 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 Stock Performance

Shares of NASDAQ AEYE traded up $4.71 during trading on Friday, hitting $31.74. The company had a trading volume of 570,572 shares, compared to its average volume of 138,250. AudioEye has a 12 month low of $3.91 and a 12 month high of $32.62. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. The firm 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. The stock has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $21.71.

Wall Street Analysts Forecast Growth

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