AudioEye (NASDAQ:AEYE) Issues Q2 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.120-0.130 for the period, compared to the consensus EPS estimate of -0.060. The company issued revenue guidance of $8.4 million-$8.5 million, compared to the consensus revenue estimate of $8.3 million.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Craig Hallum boosted their price target on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, April 10th. B. Riley boosted their price target on AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research note on Wednesday. Finally, HC Wainwright reaffirmed a buy rating and set a $17.00 target price on shares of AudioEye in a research report on Wednesday.

AudioEye Price Performance

Shares of NASDAQ:AEYE opened at $14.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. AudioEye has a twelve month low of $3.75 and a twelve month high of $16.22. The stock’s 50 day moving average is $9.50 and its 200-day moving average is $6.36. The firm has a market capitalization of $173.12 million, a price-to-earnings ratio of -38.08 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. Sell-side analysts forecast that AudioEye will post 0.01 EPS for the current fiscal year.

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.