AudioEye Inc (NASDAQ: AEYE) stock closed at $17.37 on 5/2/24 after a major increase of 12.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 213% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 20.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AEYE 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 slightly negative Appreciation Score of 36 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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