Auddia (NASDAQ:AUUD) Trading Down 1.5% – Here’s What Happened

Auddia Inc. (NASDAQ:AUUDGet Free Report) shares traded down 1.5% on Monday . The company traded as low as $4.41 and last traded at $4.53. 33,121 shares were traded during mid-day trading, a decline of 42% from the average session volume of 57,340 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Research Report on AUUD

Auddia Stock Performance

The stock’s 50-day moving average price is $5.73 and its 200-day moving average price is $7.87. The company has a market capitalization of $1.94 million, a price-to-earnings ratio of -0.02 and a beta of 1.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUDFree Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia at the end of the most recent reporting period.

About Auddia

(Get Free Report)

Auddia Inc (NASDAQ: AUUD) develops and markets patented audio solutions that transform how live and recorded content is distributed and accessed. Through its subsidiaries AudioFetch and Podscribe, the company offers plug-and-play hardware and software for venues such as restaurants, fitness centers, and corporate waiting areas to stream live radio and other audio channels directly to patrons’ smartphones. In parallel, Auddia’s automated speech-to-text technology powers real-time closed captioning for live radio broadcasts and on-demand transcription services for podcast publishers.

The AudioFetch platform, integrated into venue networks, captures local audio feeds and delivers them via a branded mobile app or web portal.

Further Reading

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