Audioeye (NASDAQ:AEYE) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Audioeye (NASDAQ:AEYE) announced its earnings results on Monday. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03, FiscalAI reports. The business had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. Audioeye had a positive return on equity of 121.59% and a negative net margin of 10.92%.

Audioeye Trading Down 8.2%

Shares of NASDAQ:AEYE traded down $0.66 during trading on Monday, reaching $7.42. The stock had a trading volume of 513,632 shares, compared to its average volume of 153,936. The firm’s fifty day moving average is $7.27 and its 200 day moving average is $6.93. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.06 and a current ratio of 1.06. Audioeye has a 52 week low of $5.31 and a 52 week high of $16.39. The stock has a market cap of $93.27 million, a price-to-earnings ratio of -20.61 and a beta of 0.84.

Wall Street Analyst Weigh In

AEYE has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.62.

About Audioeye

AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.