AudioEye (NASDAQ:AEYE) Releases FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.380-0.460 for the period, compared to the consensus estimate of -0.190. The company issued revenue guidance of $34.3 million-$34.7 million, compared to the consensus revenue estimate of $34.2 million.

AudioEye Stock Performance

Shares of AudioEye stock traded up $0.42 during trading hours on Thursday, hitting $14.85. 361,879 shares of the company were exchanged, compared to its average volume of 104,593. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average of $9.50 and a 200-day moving average of $6.36. AudioEye has a 1 year low of $3.75 and a 1 year high of $16.22. The stock has a market capitalization of $173.15 million, a price-to-earnings ratio of -38.08 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. AudioEye had a negative net margin of 14.83% and a negative return on equity of 12.39%. The company had revenue of $7.87 million for the quarter, compared to analysts’ expectations of $7.91 million. As a group, analysts expect that AudioEye will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEYE. Craig Hallum lifted their price objective on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a report on Wednesday, April 10th. HC Wainwright restated a buy rating and issued a $17.00 price target on shares of AudioEye in a research note on Wednesday. Finally, B. Riley increased their price objective on AudioEye from $14.00 to $18.50 and gave the stock a buy rating in a research report on Wednesday.

About AudioEye

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.