AudioEye (AEYE) Set to Announce Quarterly Earnings on Thursday

AudioEye (NASDAQ:AEYE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect AudioEye to post earnings of $0.14 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

AudioEye Stock Up 2.4 %

Shares of NASDAQ:AEYE traded up $0.52 on Tuesday, hitting $22.23. 20,123 shares of the company’s stock were exchanged, compared to its average volume of 174,234. AudioEye has a 1-year low of $3.91 and a 1-year high of $29.30. The company has a market capitalization of $264.09 million, a PE ratio of -78.71, a P/E/G ratio of 5.71 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50-day moving average is $22.79 and its 200 day moving average is $21.32.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AEYE. Craig Hallum upped their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, July 26th. HC Wainwright increased their price target on shares of AudioEye from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AudioEye currently has an average rating of “Buy” and a consensus target price of $25.38.

About AudioEye

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.