Auddia (NASDAQ:AUUD) Shares Up 1% – Still a Buy?

Auddia Inc. (NASDAQ:AUUD)’s share price rose 1% during trading on Friday . The company traded as high as $2.10 and last traded at $2.04. Approximately 90,417 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 134,295 shares. The stock had previously closed at $2.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Auddia Stock Performance

The business’s 50 day simple moving average is $2.59 and its 200-day simple moving average is $3.74. The company has a market cap of $2.35 million, a price-to-earnings ratio of -0.07 and a beta of 1.02.

Auddia (NASDAQ:AUUD) last released its quarterly earnings results on Friday, August 8th. The company reported ($2.95) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.89) by ($1.06).

Auddia Company Profile

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.