Auddia (NASDAQ:AUUD) Releases Quarterly Earnings Results

Auddia (NASDAQ:AUUD) released its quarterly earnings data on Friday. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($3.08) by $2.72, FiscalAI reports. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.01 million.

Auddia Stock Up 15.9%

Shares of AUUD traded up $0.05 during midday trading on Friday, reaching $0.36. 13,586,050 shares of the stock were exchanged, compared to its average volume of 7,117,041. Auddia has a twelve month low of $0.21 and a twelve month high of $11.47. The company has a market cap of $2.09 million, a P/E ratio of -0.02 and a beta of 0.38. The stock’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $2.58.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AUUD shares. Weiss Ratings upgraded shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. Wall Street Zen upgraded shares of Auddia to a “sell” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Auddia

Auddia Inc. is an audio technology company that develops software designed to enhance the way consumers discover and listen to radio and podcast content. The company focuses on artificial intelligence and other proprietary technologies that can identify and manage elements within audio programming. Its flagship Auddia application is designed to provide an enhanced listening experience for terrestrial radio by enabling features such as commercial skipping, content replay and personalized control over live broadcasts.