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Auddia Inc. (NASDAQ:AUUD) Stock Attempts To Recover: Is it Sustainable?

Pete Matthews , , , ,

Auddia Inc. (NASDAQ:AUUD) jumped 14%, but the stock is down 50% in the past month. The company announced the addition of a third broadcast group to its Auddia app early this month. The AI audio and innovative tech platform for podcast announced that RadioAlabama was onboarding the Auddia platform.

RadioAlabama, which is based in Sylacauga, is one of the fast-growing and largest privately held radio groups in Alabama, with ten terrestrial radio brands. The joining of RadioAlabama on the Auddia platform expands participation on the platform to reach over 500,000 listeners per month.

Earlier, the company announced that the Auddia platform’s anticipated launch was on schedule with the Auddia app available in AppStore already. Additionally, the company said that an Android version would come out in the coming weeks. With the recently announced AI advancement, it is now possible to accelerate the national rollout and launch ahead of the previously outlined schedule. So in the coming weeks, AUUD stock will be worth watching.

On Wednesday, AUUD stock soared 14.144% at $3.47 with more than 553K shares, compared to its average volume of 3.26 million shares. The stock has moved within a range of $2.9900 – 3.5400 after opening the trade at $3.03. Over the past 52-week, the stock has been trading within a range of $2.2100 – 9.3000.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.