AudioEye Earnings: Can You Hear The Value? I Can't

Klaus Vedfelt Investment Thesis AudioEye's (NASDAQ:AEYE) stock is up 300% in the past year. This is one of the strongest-performing small caps. Meanwhile, its Q2 2024 results are met with further cheer, with its share price up 4% premarket. As it stands, the stock is priced at 29x next year's EBITDA. While I fail to see a compelling risk-reward, I'm firmly cognizant that an overhyped stock can become even more extravagantly priced. As the saying goes, after all, twice a silly price is not twice as silly ...