AudioEye (NASDAQ:AEYE) Updates FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.510-0.530 for the period, compared to the consensus earnings per share estimate of -0.130. The company issued revenue guidance of $35.2 million-$35.3 million, compared to the consensus revenue estimate of $34.7 million. AudioEye also updated its FY24 guidance to $0.51-0.53 EPS.

AudioEye Price Performance

AEYE stock opened at $22.83 on Wednesday. AudioEye has a 52-week low of $3.75 and a 52-week high of $29.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39. The stock has a market cap of $265.72 million, a price-to-earnings ratio of -58.54, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00. The business has a fifty day moving average of $22.48 and a two-hundred day moving average of $19.26.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. The firm had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. As a group, research analysts anticipate that AudioEye will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Craig Hallum lifted their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a buy rating in a report on Friday, July 26th. Roth Capital upgraded AudioEye to a strong-buy rating in a research report on Friday, June 21st. Roth Mkm started coverage on AudioEye in a report on Friday, June 21st. They issued a buy rating and a $25.00 price objective on the stock. Finally, HC Wainwright raised their target price on AudioEye from $23.00 to $28.00 and gave the company a buy rating in a report on Tuesday. Four 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 MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $25.38.

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.