AudioEye (NASDAQ:AEYE) Updates Q4 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.180-0.190 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AEYE shares. Craig Hallum lifted their price target on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 26th. HC Wainwright boosted their target price on AudioEye from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $25.38.

AudioEye Stock Up 4.3 %

AEYE traded up $1.11 during trading on Thursday, hitting $27.03. 210,612 shares of the company’s stock were exchanged, compared to its average volume of 174,816. AudioEye has a fifty-two week low of $3.91 and a fifty-two week high of $29.30. The stock has a market cap of $321.09 million, a P/E ratio of -92.57, a PEG ratio of 5.71 and a beta of 1.03. The business’s 50 day moving average is $22.83 and its two-hundred day moving average is $21.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39.

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.