AudioEye Inc (NASDAQ: AEYE) has reported E.P.S. of $-0.06 for its second fiscal quarter (ending June 30) versus $-0.17 for the same period a year ago. This performance was $-0.16 short of the consensus estimate of $0.10. E.P.S. were $-0.28 for the latest four quarters through June 30 versus $-0.71 for the same period a year ago.
Recent Price Action
AudioEye Inc (NASDAQ: AEYE) stock closed at $19.64 on 7/25/24 after an increase of 1.5%. However, unusually low trading volume at 58% of normal accompanied the advance. The stock has declined -5.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AudioEye has a poor Appreciation Score of 25 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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