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Audioeye, Inc. (AEYE) Gains As Market Dips: What You Should Know
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Audioeye, Inc. (AEYE - Free Report) closed at $10.90 in the latest trading session, marking a +1.87% move from the prior day. This change outpaced the S&P 500's 0.35% loss on the day. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Heading into today, shares of the company had lost 0.93% over the past month, lagging the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% in that time.
AEYE will be looking to display strength as it nears its next earnings release. On that day, AEYE is projected to report earnings of -$0.11 per share, which would represent year-over-year growth of 78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.65 million, up 87.5% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for AEYE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AEYE is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Audioeye, Inc. (AEYE) Gains As Market Dips: What You Should Know
Audioeye, Inc. (AEYE - Free Report) closed at $10.90 in the latest trading session, marking a +1.87% move from the prior day. This change outpaced the S&P 500's 0.35% loss on the day. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Heading into today, shares of the company had lost 0.93% over the past month, lagging the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% in that time.
AEYE will be looking to display strength as it nears its next earnings release. On that day, AEYE is projected to report earnings of -$0.11 per share, which would represent year-over-year growth of 78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.65 million, up 87.5% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for AEYE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AEYE is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.