Is lidr a good buy
9/30/2024 10:36am
**AudioEye (LIDR) is not a good buy at this time.** Here are the key reasons:
1. **Financial Performance**: LIDR reported a net loss of $7.99 million and a diluted EPS of -$1.16 for the latest quarter. The company's total revenue was $32.00 million, with a revenue growth rate of 43.7% over the previous quarter. However, the net loss and negative EPS indicate that the company is currently unprofitable.
2. **Trend Analysis**: The stock is showing a downward trend, with the 5-Day, 10-Day, and 20-Day moving averages indicating a bearish sentiment.
3. **Support and Resistance Levels**: The current stock price is near the support level of $1.09, which could indicate weak demand.
4. **Market Sentiment**: The option order flow sentiment analysis shows a net equivalent of shares sold, indicating a bearish market sentiment.
In conclusion, the current financial losses, downward trend, and bearish market sentiment suggest that AudioEye is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the company's current situation.