AudioEye (NASDAQ:AEYE) Updates FY24 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.51-0.53 for the period, compared to the consensus estimate of $0.48. The company issued revenue guidance of $35.15-35.25 million, compared to the consensus revenue estimate of $34.68 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEYE. Craig Hallum increased their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a buy rating in a report on Friday, July 26th. Roth Mkm started coverage on shares of AudioEye in a research note on Friday, June 21st. They set a buy rating and a $25.00 price target on the stock. Roth Capital upgraded AudioEye to a strong-buy rating in a research note on Friday, June 21st. Finally, HC Wainwright reiterated a buy rating and issued a $23.00 price target on shares of AudioEye in a report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $24.13.

AudioEye Stock Performance

Shares of NASDAQ:AEYE opened at $23.66 on Monday. The business’s 50-day simple moving average is $22.43 and its 200 day simple moving average is $19.05. AudioEye has a one year low of $3.75 and a one year high of $29.30. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $275.38 million, a P/E ratio of -60.67, a PEG ratio of 6.50 and a beta of 1.00.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $8.47 million for the quarter, compared to analysts’ expectations of $8.45 million. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. On average, sell-side analysts forecast that AudioEye will post 0.14 earnings per share for the current fiscal year.

About AudioEye

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.