AudioEye Inc (NASDAQ: AEYE) stock closed at $23.36 on 6/5/24 after a major increase of 12.4%. Moreover, this advance was accompanied by above average trading volume at 122% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.7% during the last week.
Current PriceTarget Research Rating
AEYE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a major Value Builder.
AudioEye has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AudioEye has a poor Appreciation Score of 22 but a very high Power Rating of 100, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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