AudioEye (AEYE)

Financial Performance

AudioEye's financial performance shows a positive trend. The company reported revenue of $8.5M last quarter, up by 4.8% from the previous quarter and by 8.1% year over year. Gross profit also rose to $6.7M, reflecting an increase of 6% from the previous quarter and a rise of 10.7% year over year. Although their operating income is in the negative at -$497K, it has improved by both 21.2% from the previous quarter and by a significant 64.2% YoY, indicating that they are moving towards profitability.

Stock Price & Technical Indicators

The stock price is currently trading at $31.74, up by an impressive 25.4% in just one month and a massive hike of over six times (661%) YoY which indicates strong investor confidence in AudioEye's business model and future prospects.The RSI value at present is high at around 79 which typically suggests that the stock may be overbought but this needs to be considered with other indicators for better accuracy.The stock's PE ratio stands at -105 which might seem alarming as it indicates that earnings are negative.However,the EBITDA ratio was positive last quarter suggesting improving operational efficiency.

Alternative Data Signals

In terms of alternative data signals, there has been substantial growth in web traffic with an estimated monthly visitors count standing at around141870 , up significantly from previous periods.This could translate into higher customer engagement and potential sales conversions.Social media followers have also increased across platforms such as Twitter(1855),Instagram(820)and Facebook(4981)which might indicate growing brand awareness.On the downside,a lack of job openings could suggest that the company is not in expansion mode or looking to increase its workforce at this point.

Conclusion

Overall, despite some concerns over the high PE ratio and lack of job postings, AudioEye's strong revenue growth, improving profitability metrics, robust stock price performance and positive alternative data signals make it a promising investment. Therefore,the AI Stock analysis for AudioEye is bullish.

Note: This AI Stock Analysis is based on data as of November 09. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of AudioEye (AEYE), currently trading at $26.8, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.