Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for AudioEye Inc (NASDAQ: AEYE) improved recently. AEYE’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
AudioEye Inc (NASDAQ: AEYE) stock closed at $9.37 on 4/8/24 after a large increase of 2.4%. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.4% 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. AudioEye has a neutral Appreciation Score of 43 but a very high Power Rating of 96, resulting in the Positive Value Trend Rating.
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