Audioeye (NASDAQ:AEYE) announced its earnings results on Tuesday. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.10), Fidelity Earnings reports. Audioeye had a negative return on equity of 108.18% and a negative net margin of 88.71%. The company had revenue of $1.99 million during the quarter, compared to the consensus estimate of $2.02 million. Audioeye updated its FY 2019 guidance to EPS.
Audioeye stock traded down $0.90 during trading on Wednesday, reaching $9.05. The company had a trading volume of 56,590 shares, compared to its average volume of 33,092. Audioeye has a 52 week low of $4.75 and a 52 week high of $12.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $68.66 million, a P/E ratio of -12.93 and a beta of 0.74.
A number of equities analysts recently commented on the company. National Securities reaffirmed a “buy” rating and issued a $12.50 target price on shares of Audioeye in a report on Wednesday. Zacks Investment Research cut Audioeye from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, B. Riley set a $13.00 target price on Audioeye and gave the stock a “buy” rating in a report on Monday.
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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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