AudioEye Inc (NASDAQ: AEYE) is 13.21% higher on its value in year-to-date trading and has touched a low of $4.52 and a high of $34.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AEYE stock was last observed hovering at around $16.05 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $17.22, the stock is 7.97% and -18.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 7.29% at the moment leaves the stock -16.76% off its SMA200. AEYE registered 228.63% gain for a year compared to 6-month loss of -18.19%. The firm has a 50-day simple moving average (SMA 50) of $21.076 and a 200-day simple moving average (SMA200) of $20.6861.
The stock witnessed a 0.29% gain in the last 1 month and extending the period to 3 months gives it a -32.66%, and is 14.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.52% over the week and 7.79% over the month.
AudioEye Inc (AEYE) has around 114 employees, a market worth around $209.71M and $33.35M in sales. Fwd P/E is 26.70. Profit margin for the company is -9.89%. Distance from 52-week low is 280.97% and -50.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.88%).
with sales reaching $9.73M over the same period.The EPS is expected to grow by 379.55% this year, but quarterly earnings will post 12.42% year-over-year. Quarterly sales are estimated to grow 23.58% in year-over-year returns.
AudioEye Inc (AEYE) Top Institutional Holders
111.0 institutions hold shares in AudioEye Inc (AEYE), with institutional investors hold 49.26% of the company’s shares. The shares outstanding are 12.03M, and float is at 7.82M with Short Float at 7.23%. Institutions hold 26.66% of the Float.
The top institutional shareholder in the company is SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC with over 0.41 million shares valued at $7.29 million. The investor’s holdings represent 3.5355% of the AEYE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.39 million shares valued at $6.82 million to account for 3.3087 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.37 million shares representing 3.1266% and valued at over $6.45 million, while STATE STREET CORP holds 1.5844 of the shares totaling 0.19 million with a market value of $3.27 million.
AudioEye Inc (AEYE) Insider Activity
The most recent transaction is an insider sale by Tahir Jamil A., the company’s Director. SEC filings show that Tahir Jamil A. sold 125,000 shares of the company’s common stock on Dec 04 ’24 at a price of $24.00 per share for a total of $3.0 million. Following the sale, the insider now owns 0.2 million shares.
AudioEye Inc disclosed in a document filed with the SEC on Dec 04 ’24 that Moradi David (CHIEF EXECUTIVE OFFICER) sold a total of 900,000 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $24.00 per share for $21.6 million. Following the transaction, the insider now directly holds 1.86 million shares of the AEYE stock.
Still, SEC filings show that on Dec 04 ’24, Bettis Carr (EXEC CHRMN/CHRMN OF THE BOARD) disposed off 225,000 shares at an average price of $24.00 for $5.4 million. The insider now directly holds 200,045 shares of AudioEye Inc (AEYE).
