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 (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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AEYE shares. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research report on Friday. Craig Hallum raised their price target on AudioEye from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, HC Wainwright lifted their price objective on AudioEye from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AudioEye presently has a consensus rating of “Buy” and an average target price of $27.88.

AudioEye Stock Up 17.4 %

AudioEye stock traded up $4.71 during mid-day trading on Friday, reaching $31.74. 570,572 shares of the company’s stock were exchanged, compared to its average volume of 138,250. The company has a market cap of $377.04 million, a P/E ratio of -117.56, a P/E/G ratio of 6.91 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. AudioEye has a twelve month low of $3.91 and a twelve month high of $32.62. The company has a fifty day moving average of $23.05 and a 200-day moving average of $21.71.

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.