Audioeye (NASDAQ:AEYE) released its earnings results on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.08), Fidelity Earnings reports. Audioeye had a negative net margin of 92.33% and a negative return on equity of 121.68%. The company had revenue of $2.44 million for the quarter, compared to analyst estimates of $2.34 million. Audioeye updated its FY 2019 guidance to EPS.
Shares of Audioeye stock traded down $1.05 during trading on Thursday, reaching $4.45. 5,387 shares of the company traded hands, compared to its average volume of 18,964. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.10. Audioeye has a 1-year low of $5.30 and a 1-year high of $12.40. The company has a 50 day moving average price of $6.91. The company has a market cap of $33.39 million, a price-to-earnings ratio of -6.24 and a beta of 1.19.
AEYE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Audioeye from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. National Securities reiterated a “buy” rating and set a $12.50 target price on shares of Audioeye in a research report on Wednesday, May 15th. Finally, B. Riley set a $13.00 target price on shares of Audioeye and gave the company a “buy” rating in a research report on Friday, May 31st.
Audioeye Company Profile
AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.
Further Reading: Equity Income
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