Analysts Say You Should Still Hold Auddia Inc (NASDAQ: AUUD)

Auddia Inc (NASDAQ:AUUD) traded at $1.19 at last check on current trade day and made an upward move of 39.52% on its previous day’s price.

Looking at the stock we see that its previous close was $0.86 and the beta (5Y monthly) reads 0.624 with the day’s price range being $1.13 – $1.58. In terms of its 52-week price range, AUUD has a high of $12.00 and a low of $0.83. The company’s stock has gained about 1.12% over that past 30 days.

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Auddia Inc has a market cap of $0.98 million and is expected to release its quarterly earnings report on 2024-Aug-06. Estimates by analysts give the company expected earnings per share (EPS) of -0.44, with the EPS growth for the year raised at -2.75 for current year and -2.75 for next year.

On the other hand, looking at the outlook for the AUUD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 11.66% off its SMA20 and 6.63% from its 50-day simple moving average. The RSI (14) is pointing at 54.70 while the volatility over the past week is 11.31% and jumps to 13.63% over the past one month. The beta value is 0.62, while the average true range (ATR) is currently pointing at 0.19.

Coming back to Auddia Inc (NASDAQ:AUUD), we note that the average 3-month trading volume was 685.15K, while that of the preceding 10-day period stands at 3.92 million. Current shares outstanding are 0.85 million.

The insiders hold 8.58% of the company’s shares while institutions hold 3.48%. The data shows that short shares as of 2024-08-15, stood at 75911.0 at a short ratio of 0.71. This represents a 281.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 68252.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -80.91% down in year-to-date price movement.

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