Audioeye (NASDAQ:AEYE) Announces Quarterly Earnings Results
Audioeye (NASDAQ:AEYE) released its quarterly earnings data on Monday. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.12, MarketWatch Earnings reports. The firm had revenue of $3.60 million during the quarter, compared to analysts’ expectations of $3.06 million. Audioeye had a negative return on equity of 237.53% and a negative net margin of 71.83%.
Shares of AEYE stock opened at $4.09 on Thursday. Audioeye has a fifty-two week low of $1.94 and a fifty-two week high of $11.30. The business has a fifty day simple moving average of $4.04 and a 200-day simple moving average of $4.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.07 and a current ratio of 1.07.
Several research analysts have issued reports on AEYE shares. ValuEngine upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. B. Riley dropped their price target on Audioeye from $9.75 to $9.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research upgraded Audioeye from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.00.
AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.
See Also: Dividend Reinvestment Plan (DRIP)
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