AudioEye (AEYE) Stock Sinks As Market Gains: Here's Why

Group 1: Stock Performance - AudioEye's stock closed at $18.41, reflecting a -1.29% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 0.03% [1] - Over the past month, AudioEye's shares have appreciated by 26.18%, outperforming the Computer and Technology sector's gain of 2.31% and the S&P 500's gain of 4.19% [1] Group 2: Upcoming Earnings - Analysts expect AudioEye to post earnings of$ 0.18 per share, marking a year-over-year growth of 63.64% [2] - The consensus estimate for revenue is $9.73 million, showing a 23.67% increase compared to the year-ago quarter [2] Group 3: Analyst Estimates - Recent adjustments to analyst estimates for AudioEye reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [3] Group 4: Zacks Rank and Valuation - AudioEye currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The company is trading at a Forward P/E ratio of 27.23, which is a discount compared to the industry average Forward P/E of 30.99 [6] Group 5: PEG Ratio and Industry Ranking - AudioEye has a PEG ratio of 1.09, compared to the Internet - Software industry's average PEG ratio of 2.33 [7] - The Internet - Software industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 73, placing it in the top 30% of all industries [7][8]