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home / news releases / AEYE - AudioEye: It's Time To Trim

AEYE - AudioEye: It's Time To Trim

AudioEye Inc.

2024-04-21 13:03:17 ET

Summary

  • Shares have doubled from $6 to $12, making it overpriced and a good time to trim positions.
  • AudioEye provides web accessibility solutions for businesses to comply with accessibility laws, giving it a growth tailwind.
  • The company's revenue increased by 5% in 2023, but the modest growth does not justify the doubling of the stock price.
  • Shares are a sell, with price target of $8.

Investment Thesis

For further details see:

AudioEye: It's Time To Trim
Stock Information
Company Name: AudioEye Inc.
Stock Symbol: AEYE
Market: NASDAQ
Website: audioeye.com
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