AudioEye (NASDAQ:AEYE – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.380-0.460 for the period, compared to the consensus earnings per share estimate of -0.190. The company issued revenue guidance of $34.3 million-$34.7 million, compared to the consensus revenue estimate of $34.2 million.
AudioEye Stock Down 3.8 %
AudioEye stock traded down $0.56 during mid-day trading on Friday, reaching $14.29. 129,925 shares of the company were exchanged, compared to its average volume of 225,208. AudioEye has a twelve month low of $3.75 and a twelve month high of $16.22. The firm’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $6.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00.
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. Research analysts forecast that AudioEye will post 0.01 earnings per share for the current fiscal year.
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AudioEye Company Profile
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.
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