What Makes AudioEye (AEYE) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1]. Group 1: Company Overview - AudioEye (AEYE) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [2]. Group 2: Performance Metrics - AEYE shares have increased by 8.02% over the past week, while the Zacks Internet - Software industry has declined by 1.61% during the same period [3]. - Over the past month, AEYE's price change is 79.96%, significantly outperforming the industry's 2.24% [3]. - In the last quarter, AEYE shares have surged by 98.24%, and over the past year, they have gained 74.85%, compared to the S&P 500's increases of 12.01% and 33.87%, respectively [3]. Group 3: Trading Volume - AEYE's average 20-day trading volume is 101,493 shares, which serves as a bullish indicator when combined with rising stock prices [3]. Group 4: Earnings Outlook - In the past two months, one earnings estimate for AEYE has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from $0.13 to $0.33 [4]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [4]. Group 5: Conclusion - Given the strong performance metrics and positive earnings outlook, AEYE is classified as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [5].