AudioEye (AEYE) Ascends While Market Falls: Some Facts to Note

AudioEye (AEYE) closed at $7.06, up 1.8% on the day, outperforming the S&P 500's slight decline. However, the stock has fallen 12.61% over the past month. The company is projected to report earnings of $0.27 per share (42.11% YoY growth) with revenue of $10.89 million (6.45% growth). For the full year, consensus estimates forecast $0.98 EPS and $43.71 million revenue. AudioEye holds a Zacks Rank #2 (Buy) with a Forward P/E of 7.07, trading at a significant discount to its industry average of 20.96.