Stock Rating Upgrade
The Value Trend Rating for AudioEye Inc (NASDAQ: AEYE) rose significantly in recent days from F to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
AudioEye Inc (NASDAQ: AEYE) stock enjoyed a large increase of 3.2% on 3/18/24. The stock closed at $9.03. Moreover, trading volume in this advance was unusually high at 196% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.5% during the last week.
Current PriceTarget Research Rating
AEYE is expected to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AudioEye has a current Value Trend Rating of C (Low Neutral). This VT Rating rose significantly in recent days from F previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AudioEye has a poor Appreciation Score of 24 but a slightly positive Power Rating of 70, triggering the Low Neutral Value Trend Rating.
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