Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for AudioEye Inc (NASDAQ: AEYE) weakened during the last several trading days. AEYE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, AudioEye Inc (NASDAQ: AEYE) stock declined slightly by -0.6%, closing at $27.00. Moreover, exceptionally high trading volume at 215% of normal accompanied the decline. The stock has risen 32.0% during the last week and 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 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 18 but a very high Power Rating of 99, triggering the High Neutral Value Trend Rating.
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