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AudioEye (AEYE) Stock Sinks As Market Gains: Here's Why
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AudioEye (AEYE - Free Report) closed at $6.86 in the latest trading session, marking a -4.72% move from the prior day. This change lagged the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Shares of the company witnessed a gain of 0.14% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of AudioEye in its upcoming release. In that report, analysts expect AudioEye to post earnings of $0.27 per share. This would mark year-over-year growth of 42.11%. At the same time, our most recent consensus estimate is projecting a revenue of $10.89 million, reflecting a 6.45% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.98 per share and revenue of $43.71 million. These totals would mark changes of +36.11% and +8.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, AudioEye holds a Zacks Rank of #2 (Buy).
In terms of valuation, AudioEye is presently being traded at a Forward P/E ratio of 7.35. This denotes a discount relative to the industry average Forward P/E of 19.18.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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AudioEye (AEYE) Stock Sinks As Market Gains: Here's Why
AudioEye (AEYE - Free Report) closed at $6.86 in the latest trading session, marking a -4.72% move from the prior day. This change lagged the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Shares of the company witnessed a gain of 0.14% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of AudioEye in its upcoming release. In that report, analysts expect AudioEye to post earnings of $0.27 per share. This would mark year-over-year growth of 42.11%. At the same time, our most recent consensus estimate is projecting a revenue of $10.89 million, reflecting a 6.45% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.98 per share and revenue of $43.71 million. These totals would mark changes of +36.11% and +8.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, AudioEye holds a Zacks Rank of #2 (Buy).
In terms of valuation, AudioEye is presently being traded at a Forward P/E ratio of 7.35. This denotes a discount relative to the industry average Forward P/E of 19.18.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.