Auddia (NASDAQ:AUUD) Trading 2.9% Higher – Here’s What Happened

Auddia Inc. (NASDAQ:AUUD)’s stock price traded up 2.9% during mid-day trading on Thursday . The stock traded as high as $1.43 and last traded at $1.40. Approximately 326,169 shares traded hands during trading, a decline of 75% from the average daily volume of 1,285,415 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Auddia Stock Performance

The firm’s 50-day moving average price is $1.57 and its two-hundred day moving average price is $4.81. The firm has a market cap of $8.12 million, a PE ratio of -0.03 and a beta of 0.45.

Auddia (NASDAQ:AUUD) last posted its earnings results on Friday, May 15th. The company reported ($5.09) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new position in Auddia stock. Virtu Financial LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission.

Auddia Company Profile

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.