Auddia (NASDAQ:AUUD) Shares Up 1% – Should You Buy?
by Kim Johansen · The Markets DailyAuddia Inc. (NASDAQ:AUUD – Get Free Report)’s share price shot up 1% on Tuesday. The stock traded as high as $1.10 and last traded at $1.03. Approximately 508,129 shares traded hands during trading, a decline of 56% from the average daily volume of 1,144,308 shares. The stock had previously closed at $1.02.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Auddia
Auddia Stock Performance
The firm has a fifty day simple moving average of $1.07 and a 200-day simple moving average of $1.72. The firm has a market cap of $5.86 million, a price-to-earnings ratio of -0.06 and a beta of 0.44.
Auddia (NASDAQ:AUUD – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.85) by $3.14. The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.01 million.
About Auddia
Auddia Inc is an audio technology company focused on developing software that uses artificial intelligence to improve the listening experience for radio and other audio content. Its technology is designed to identify and manage interruptions such as commercials, station breaks and other unwanted content in real time.
The company’s primary consumer applications include Auddia, a subscription-based service intended to provide a more streamlined listening experience for AM and FM radio, and Faidr, a personalized radio application focused on music discovery and uninterrupted listening.