During the last session, AudioEye Inc (NASDAQ:AEYE)’s traded shares were 0.55 million, with the beta value of the company hitting 1.04. At the end of the trading day, the stock’s price was $16.92, reflecting an intraday loss of -7.59% or -$1.39. The 52-week high for the AEYE share is $34.85, that puts it down -105.97 from that peak though still a striking 76.3% gain since the share price plummeted to a 52-week low of $4.01. The company’s market capitalization is $206.05M, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 211.82K shares over the past three months.
AudioEye Inc (AEYE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AEYE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.18.
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AudioEye Inc (NASDAQ:AEYE) trade information
AudioEye Inc (AEYE) registered a -7.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.59% in intraday trading to $16.92, hitting a weekly high. The stock’s 5-day price performance is -23.78%, and it has moved by -35.98% in 30 days. Based on these gigs, the overall price performance for the year is 295.33%. The short interest in AudioEye Inc (NASDAQ:AEYE) is 0.69 million shares and it means that shorts have 3.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $34, which implies an increase of 50.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $31 and $37 respectively. As a result, AEYE is trading at a discount of -118.68% off the target high and -83.22% off the low.
AudioEye Inc (AEYE) estimates and forecasts
Statistics show that AudioEye Inc has outperformed its competitors in share price, compared to the industry in which it operates. AudioEye Inc (AEYE) shares have gone down -14.11% during the last six months, with a year-to-date growth rate more than the industry average at 372.73% against 25.70. In the rating firms’ projections, revenue will increase 12.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 9.72M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 9.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.87M and 8.08M respectively. In this case, analysts expect current quarter sales to grow by 23.50% and then jump by 20.76% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.48%. While earnings are projected to return 375.76% in 2024, the next five years will return 25.00% per annum.
AEYE Dividends
AudioEye Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AudioEye Inc (NASDAQ:AEYE)’s Major holders
AudioEye Inc insiders own 47.76% of total outstanding shares while institutional holders control 28.34%, with the float percentage being 54.26%. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC is the largest shareholder of the company, while 111.0 institutions own stock in it. As of 2024-06-30, the company held over 0.41 million shares (or 3.5355% of all shares), a total value of $7.29 million in shares.
The next largest institutional holding, with 0.39 million shares, is of BLACKROCK INC.’s that is approximately 3.3087% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.82 million.
