FMP
Nov 14, 2024 11:00 PM - Gordon Thompson(Last modified: Nov 15, 2024 9:15 AM)
Image credit: Google Images
On November 14, 2024, Moradi David, the director, 10 percent owner, and CEO of Audioeye (NASDAQ:AEYE), sold 6,718 shares of Common Stock at about $26.54 each. This transaction, classified as an S-Sale, leaves him with 2,764,501 shares. Audioeye, a company focused on digital accessibility solutions, has seen its stock rise significantly this year.
Audioeye's shares have surged by 521% year-to-date, far outpacing the Zacks Computer and Technology sector's 30% increase. This growth also exceeds the performance of competitors like Synchronoss Technologies, Fortinet Inc., and Aspen Technology, which saw gains of 87%, 66%, and 12.9%, respectively. The stock's impressive rise is largely due to strong revenue growth and an expanding customer base.
For the nine months ending September 30, 2024, Audioeye's revenues increased by 8.6% year-over-year, reaching $25.5 million. This growth was driven by a rise in customers across its Partner and Marketplace, and Enterprise channels. By the end of September 2024, the company's customer base grew by 18% year-over-year, totaling 126,000 customers.
Despite these achievements, there are concerns about AEYE's valuation and competition. The stock is currently priced at $26.16, down 1.02% or $0.27. During the trading day, it fluctuated between $25.15 and $27.63. Over the past year, AEYE's stock has ranged from a high of $34.85 to a low of $3.97.
Audioeye's market capitalization is approximately $318.6 million, and today's trading volume is 249,426 shares. While the company has shown strong growth, it faces challenges in maintaining its momentum amid market competition and valuation concerns.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...