AudioEye Inc (NASDAQ:AEYE) has a beta value of 1.01 and has seen 0.11 million shares traded in the last trading session. The company, currently valued at $287.61M, closed the last trade at $24.21 per share which meant it gained $0.28 on the day or 1.17% during that session. The AEYE stock price is -21.02% off its 52-week high price of $29.30 and 84.51% above the 52-week low of $3.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.17 million shares traded. The 3-month trading volume is 254.79K shares.
The consensus among analysts is that AudioEye Inc (AEYE) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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AudioEye Inc (NASDAQ:AEYE) trade information
Sporting 1.17% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AEYE stock price touched $24.21 or saw a rise of 4.46%. Year-to-date, AudioEye Inc shares have moved 346.68%, while the 5-day performance has seen it change 3.33%. Over the past 30 days, the shares of AudioEye Inc (NASDAQ:AEYE) have changed 2.20%. Short interest in the company has seen 0.73 million shares shorted with days to cover at 2.97.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -21.05% from current levels. The projected low price target is $14.0 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is 5.0% off the targeted high while a plunge would see the stock lose 42.17% from current levels.
AudioEye Inc (AEYE) estimates and forecasts
Figures show that AudioEye Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 222.80% over the past 6 months, with this year growth rate of 327.27%, compared to 17.50% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.48% over the past 5 years.
AEYE Dividends
AudioEye Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AudioEye Inc (NASDAQ:AEYE)’s Major holders
Insiders own 49.01% of the company shares, while shares held by institutions stand at 24.74% with a share float percentage of 48.53%. Investors are also buoyed by the number of investors in a company, with AudioEye Inc having a total of 89.0 institutions that hold shares in the company. The top two institutional holders are SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC with over 0.41 million shares worth more than $7.29 million. As of 2024-06-30, SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC held 3.5355% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 0.39 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.82 million and represent 3.3087% of shares outstanding.
