AudioEye (NASDAQ:AEYE) Releases FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.380-0.460 for the period, compared to the consensus estimate of -0.190. The company issued revenue guidance of $34.3 million-$34.7 million, compared to the consensus revenue estimate of $34.2 million.

AudioEye Stock Down 3.8 %

Shares of AudioEye stock opened at $14.29 on Friday. The stock has a market capitalization of $166.62 million, a P/E ratio of -36.64 and a beta of 1.36. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average price of $9.85 and a two-hundred day moving average price of $6.49. AudioEye has a 12-month low of $3.75 and a 12-month high of $16.22.

AudioEye (NASDAQ:AEYE) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. The company had revenue of $7.87 million during the quarter, compared to analysts’ expectations of $7.91 million. Equities analysts expect that AudioEye will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.