Auddia (NASDAQ:AUUD) Stock Price Up 29.8% – What’s Next?

Auddia Inc. (NASDAQ:AUUD)’s stock price shot up 29.8% on Monday . The company traded as high as $1.49 and last traded at $1.35. Approximately 7,004,497 shares traded hands during mid-day trading, an increase of 486% from the average session volume of 1,196,029 shares. The stock had previously closed at $1.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Auddia Trading Down 1.5%

The stock has a market capitalization of $7.60 million, a price-to-earnings ratio of -0.07 and a beta of 0.50. The stock’s 50 day moving average is $1.07 and its two-hundred day moving average is $2.29.

Auddia (NASDAQ:AUUD) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($3.85) by $3.14. The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.01 million.

Auddia Company Profile

Auddia Inc is an audio technology company that develops software and consumer applications designed to improve the listening experience for radio and other audio content. Its technology uses artificial intelligence and automation to identify and manage interruptions, including commercial breaks, within streamed audio programming.

The company’s primary consumer products have included the Auddia application, which is designed to provide access to AM and FM radio programming with enhanced listening features, and faidr, a subscription-based music service offering curated audio channels.