The current market rally has been one of the strongest to date. The Nasdaq index has returned almost 20% year-to-date (YTD), and that is after it gained 37% in 2023.
AudioEye is a key player in the web accessibility software market with high growth potential due to increasing regulations in the US and Europe. The company's valuation suggests a $30 per share value, a 51% premium over the current stock price, but investing in AudioEye stock is considered high-risk. On the other hand, the company faces huge risks, especially in the Enterprise channel.
Here is how AudioEye (AEYE) and Camtek (CAMT) have performed compared to their sector so far this year.
AudioEye (AEYE) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
AudioEye (AEYE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.