Audioeye Inc (NASDAQ:AEYE) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 108,000 shares, a growth of 7.5% from the June 30th total of 100,500 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 26,500 shares, the short-interest ratio is currently 4.1 days.
Shares of Audioeye stock opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.50 and a current ratio of 1.50. Audioeye has a 52-week low of $3.83 and a 52-week high of $12.40. The stock has a market capitalization of $33.39 million, a price-to-earnings ratio of -6.43 and a beta of 1.19. The company’s 50 day moving average price is $6.85 and its 200-day moving average price is $8.61.
Audioeye (NASDAQ:AEYE) last issued its earnings results on Wednesday, August 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.08). Audioeye had a negative return on equity of 121.68% and a negative net margin of 92.33%. The firm had revenue of $2.44 million during the quarter, compared to the consensus estimate of $2.34 million. As a group, equities research analysts forecast that Audioeye will post -0.64 earnings per share for the current fiscal year.
A number of research analysts have commented on AEYE shares. B. Riley set a $13.00 price target on shares of Audioeye and gave the company a “buy” rating in a research report on Friday, May 31st. National Securities reiterated a “buy” rating and set a $12.50 price target on shares of Audioeye in a research report on Wednesday, May 15th. Finally, Zacks Investment Research upgraded shares of Audioeye from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th.
Several institutional investors have recently modified their holdings of the company. Millennium Management LLC bought a new position in shares of Audioeye in the fourth quarter worth approximately $476,000. Buckingham Asset Management LLC bought a new position in shares of Audioeye in the second quarter worth approximately $308,000. HighPoint Advisor Group LLC bought a new position in shares of Audioeye in the first quarter worth approximately $151,000. BlackRock Inc. bought a new position in shares of Audioeye in the second quarter worth approximately $95,000. Finally, Bank of Montreal Can bought a new position in shares of Audioeye in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 6.11% of the company’s stock.
Audioeye Company Profile
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.
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