Auddia (NASDAQ:AUUD – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.71) EPS for the quarter, topping the consensus estimate of ($3.08) by $2.37, Zacks reports.
Auddia Stock Performance
Shares of NASDAQ:AUUD remained flat at $1.02 during trading on Friday. The stock had a trading volume of 454,897 shares, compared to its average volume of 3,096,362. Auddia has a 52-week low of $0.82 and a 52-week high of $23.79. The stock has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $3.41. The stock has a market cap of $5.92 million, a price-to-earnings ratio of -0.03 and a beta of 0.50.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Auddia has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new position in Auddia Inc. (NASDAQ:AUUD – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.86% of Auddia as of its most recent filing with the Securities and 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.
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