For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Audioeye (AEYE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Audioeye is a member of our Computer and Technology group, which includes 648 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AEYE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEYE's full-year earnings has moved 25.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AEYE has returned 17.08% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. This means that Audioeye is outperforming the sector as a whole this year.
Looking more specifically, AEYE belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 17.34% so far this year, so AEYE is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track AEYE. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Audioeye (AEYE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Audioeye is a member of our Computer and Technology group, which includes 648 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AEYE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEYE's full-year earnings has moved 25.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AEYE has returned 17.08% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. This means that Audioeye is outperforming the sector as a whole this year.
Looking more specifically, AEYE belongs to the Internet - Software industry, a group that includes 84 individual stocks and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 17.34% so far this year, so AEYE is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track AEYE. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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