Auddia (NASDAQ:AUUD) Trading Down 0.1% – Should You Sell?

Auddia Inc. (NASDAQ:AUUD)’s share price dropped 0.1% during mid-day trading on Monday . The stock traded as low as $0.7855 and last traded at $0.80. Approximately 30,352 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 501,263 shares. The stock had previously closed at $0.8010.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Auddia presently has a consensus rating of “Sell”.

Auddia Stock Performance

The firm has a market cap of $2.48 million, a P/E ratio of -0.03 and a beta of 1.01. The firm’s fifty day moving average price is $1.01 and its 200 day moving average price is $1.70.

Institutional Trading of Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new stake in Auddia Inc. (NASDAQ:AUUD) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia at the end of the most recent quarter.

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.