In the last trading session, 0.1 million AudioEye Inc (NASDAQ:AEYE) shares changed hands as the company’s beta touched 1.07. With the company’s per share price at $16.86 changed hands at $0.26 or 1.57% during last session, the market valuation stood at $205.84M. AEYE’s last price was a discount, traded about -106.7% off its 52-week high of $34.85. The share price had its 52-week low at $4.26, which suggests the last value was 74.73% up since then. When we look at AudioEye Inc’s average trading volume, we note the 10-day average is 0.38 million shares, with the 3-month average coming to 234.32K.

Analysts gave the AudioEye Inc (AEYE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AEYE as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. AudioEye Inc’s EPS for the current quarter is expected to be 0.18.

AudioEye Inc (NASDAQ:AEYE) trade information

Instantly AEYE was in green as seen at the end of in last trading. With action -1.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 211.85%, with the 5-day performance at -1.33% in the red. However, in the 30-day time frame, AudioEye Inc (NASDAQ:AEYE) is -37.93% down. Looking at the short shares, we see there were 0.69 million shares sold at short interest cover period of 3.55 days.

The consensus price target for the stock as assigned by Wall Street analysts is 34, meaning bulls need an upside of 50.41% from its current market value. According to analyst projections, AEYE’s forecast low is 31 with 37 as the target high. To hit the forecast high, the stock’s price needs a -119.45% plunge from its current level, while the stock would need to soar -83.87% for it to hit the projected low.

AudioEye Inc (AEYE) estimates and forecasts

Data shows that the AudioEye Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.80% over the past 6 months, a 372.73% in annual growth rate that is considerably higher than the industry average of 26.10%. Year-over-year growth is forecast to reach 12.40% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 9.72M. 3 analysts are of the opinion that AudioEye Inc’s revenue for the current quarter will be 9.76M. The company’s revenue for the corresponding quarters a year ago was 7.87M and 8.08M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.50%. The estimates for the next quarter sales put growth at 20.76%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.48%. The 2024 estimates are for AudioEye Inc earnings to increase by 375.76%, but the outlook for the next 5-year period is at 25.00% per year.

AEYE Dividends

AudioEye Inc is expected to release its next quarterly earnings report in January.

AudioEye Inc (NASDAQ:AEYE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 47.76% of AudioEye Inc shares while 28.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.22%. There are 28.33% institutions holding the AudioEye Inc stock share, with SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 3.5355% of the shares, roughly 0.41 million AEYE shares worth $7.29 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.3087% or 0.39 million shares worth $6.82 million as of 2024-06-30.