AudioEye's 15min chart shows Bollinger Bands expanding upward with bullish Marubozu.

AudioEye's 15-minute chart has recently exhibited a notable trend. Specifically, it has triggered Bollinger Bands Expanding Upward and a Bullish Marubozu at 04/24/2025 10:45. This indicates that the market is currently being driven by strong buying activity, with buyers firmly in control. As a result, bullish momentum is likely to persist in the near future.

AudioEye (AEYE) stock experienced a notable trend on April 24, 2025, with Bollinger Bands expanding upward and a Bullish Marubozu pattern appearing at 10:45 AM. This technical indicator suggests that the market is being driven by strong buying activity, with buyers firmly in control. Consequently, bullish momentum is likely to persist in the near future.

The Bollinger Bands, which measure volatility and price movement, have been expanding upward, indicating increased volatility and potential price movements. The Bullish Marubozu, a candlestick pattern, signifies strong buying pressure as the entire candle body is filled, with no wicks, suggesting that buyers were in control throughout the trading session.

Investors should closely monitor AudioEye's performance, as the company is set to release its earnings report on April 29, 2025. The projected earnings per share (EPS) is $0.15, reflecting an 87.5% increase from the same quarter last year. Additionally, the Zacks Consensus Estimates suggest analysts are expecting quarterly revenue of $9.7 million, up 20.05% from the year-ago period.

While the stock has depreciated by 10.18% over the past month, it has outperformed the Computer and Technology sector's loss of 12.18% and lagged the S&P 500's loss of 8.86%. The company's current Forward P/E ratio of 15.63 indicates a discount compared to its industry's Forward P/E of 23.39.

AudioEye currently has a Zacks Rank of #5 (Strong Sell), reflecting the consensus EPS estimate remaining unchanged over the last 30 days. The PEG ratio of 0.63 is also lower than the industry average of 1.94, suggesting undervaluation.

Investors should keep an eye on the upcoming earnings report and any changes in analyst estimates for AudioEye. The Zacks Rank system, which incorporates estimate changes, offers a practical rating system with a proven track record. For the latest stock-moving metrics and industry rankings, visit Zacks.com.

References:
[1] https://www.nasdaq.com/articles/audioeye-aeye-stock-dips-while-market-gains-key-facts-1