Auddia (NASDAQ:AUUD) Shares Down 7.8% – Here’s What Happened

Auddia Inc. (NASDAQ:AUUDGet Free Report) was down 7.8% on Thursday . The company traded as low as $0.9501 and last traded at $0.9501. 150,857 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 179,280 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Research Report on Auddia

Auddia Trading Down 7.8%

The company has a market capitalization of $5.51 million, a P/E ratio of -0.02 and a beta of 0.50. The stock’s fifty day moving average is $1.26 and its 200 day moving average is $3.66.

Auddia (NASDAQ:AUUDGet Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($5.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Auddia stock. Geode Capital Management LLC acquired a new position in Auddia Inc. (NASDAQ:AUUDFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia as of its most recent filing with the Securities and Exchange Commission.

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.

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