Over the past few weeks, the penny stock of AudioEye, Inc. (AEYE) has caught the eye of revenue loving investors, especially after posting a superb 10-K on Monday. Shares of the voice driven technology designer have rocketed upwards as much as 160% in the past 2 weeks together with a surge in volume during that span. Having recently teamed up to get their Audio Internet® Accessibility platform into the federal government healthcare IT market, a platform that allows people with disabilities to interact with websites, AEYE stock has an attractive long appeal to it, but just not until it retracts a bit.
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AEYE Stock Quote
Market Cap: 34.09M
Last: 0.6175 ▲ +0.0075 (+1.23%)
Volume: 831,365
Dollar Volume: $531,164
Open: 0.62
High: 0.68
Low: 0.605
Trades: 212
Authorized: 250,000,000
Issued and Outstanding: 55,350,342
Directors & Executives (Group): 21,916,074
14-Day Rel Strength: 80.47%
1st Resistance Point: 0.6633
1st Support Level: 0.5883
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AudioEye is undoubtedly a superb company despite the fact that it is still in its infancy stage in respect to capturing their fair share of the technology marketplace. Having grown total revenues by 452% in their first “real” year of being in business, the $1,558,160 for the year ended December 31, 2013 trumps their last 4 years combined ($282,062 FYE 2012, $138,021 FYE 2011, $348,247 FYE 2010 and $452,986 FYE 2009) by $336,844.
In light of their gigantic move forward as AudioEye looks to become become a leader in Internet accessibility, mobile audio Internet navigation and multi-format publishing technology as well as Internet content publication and distribution software, 2014 is the year in which to judge whether or not last year was a fluke. Having just teamed up with BrownIT to fix and better service the U.S. government’s SNAFU of Obamacare, it would appear that Q2 and beyond should have some incredible top line numbers, making patient investors waiting for the dip on AEYE some real winners.
Just after AEYE stock set it’s 52WK low of 0.246, effective on February 11, 2014, AudioEye registered the resale of a maximum of 26,286,836 shares of AEYE stock under a registration statement. Of them 12,643,669 shares are currently outstanding and were issued to the selling stockholders in the First Private Placement and the Second Private Placement with the remaining 13,643,167 shares representing the estimated maximum number of shares that may be issued to selling stockholders upon the exercise of the Warrants.
Besides AEYE stock having run on a very impressive annual report, the addition of these shares into the possible float is a very good reason why waiting a bit before jumping in would be a prudent decision. Since the sale of these shares into the public market by the selling stockholders could depress the market price of AEYE stock, lest we not forget that summer is quickly approaching which, if timed prior to the Q1 filing or PR issuance announcing the Q1 results, a bargain could be had which even AuioEye will be looking for.
During Q4, 2013, AudioEye repurchased 232,201 and 1,952,382 shares of their own stock on November 25, 2013 and December 30, 2013, respectively. Around those dates, AEYE stock traded at approximately 0.36 and 0.30. Somewhere near that would be the optimum entry point as AudioEye embarks on a year which they project to generate more than 5X what they booked in revenues for 2013.
About AEYE Stock
AudioEye, Inc. is a development stage company that has developed patented Internet content publication and distribution software that enables conversion of any media into accessible formats and allows for real time distribution to end users on any Internet-connected device.
Click here to view the SEC filings for AEYE.
Click here to view the website for AudioEye.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 04/02/14 | 0.6200 | 0.6800 | 0.6050 | 0.6175 | +0.0075 | +1.23% | 831,300 |
| 04/01/14 | 0.4601 | 0.6300 | 0.4601 | 0.6100 | +0.0990 | +19.37% | 513,000 |
| 03/31/14 | 0.4800 | 0.5310 | 0.4770 | 0.5110 | +0.0210 | +4.29% | 625,200 |
| 03/28/14 | 0.4977 | 0.4977 | 0.4600 | 0.4900 | -0.0050 | -1.01% | 274,700 |
| 03/27/14 | 0.4900 | 0.5000 | 0.4700 | 0.4950 | +0.0150 | +3.13% | 107,200 |
Bottom Line:
You can already hear the “kaching” sound if you are a patient penny stock trader willing to wait for AEYE to retract back into the 30’s. Although 50 could be the new 30 with over 33 million disabled internet users in the United States, the doldrums of May and summer should present ample opportunities for AEYE stock accumulation at roughly half of yesterday’s closing price.
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