Auddia (NASDAQ:AUUD) Trading Down 7.3% – Here’s What Happened

Auddia Inc. (NASDAQ:AUUD)’s stock price dropped 7.3% on Monday . The stock traded as low as $1.01 and last traded at $1.02. Approximately 59,061 shares changed hands during trading, a decline of 18% from the average daily volume of 71,818 shares. The stock had previously closed at $1.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Auddia in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Auddia presently has a consensus rating of “Sell”.

Auddia Stock Performance

The stock has a market capitalization of $3.12 million, a price-to-earnings ratio of -0.04 and a beta of 1.01. The stock has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $2.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC purchased a new position in Auddia Inc. (NASDAQ:AUUD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent SEC filing.

About Auddia

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.