Stocks of the Hour: Aruma Resources, Intra Energy Corporation, Audeara
A snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Intra Energy Corporation (ASX:IEC) and Audeara (ASX:AUA).
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Audeara Ltd (ASX: AUA) is a hearing health technology company that uses a hearing profile algorithm to personalise sound output to the needs of the listener.
Audeara’s A–01 headphone product delivers high–quality personalised audio to users. Categorised as an assistive listening device (ALD), the headphones can be paired with Audeara’s mobile application (the Audeara App). The app uses a proprietary personalisation algorithm to calibrate the headphones for an individual’s unique hearing profile. The user experiences superior sound and quality, while using mainstream applications like watching movies and television, listening to music, video conferencing and gaming.
A snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Intra Energy Corporation (ASX:IEC) and Audeara (ASX:AUA).
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A snapshot of the stocks on the move, featuring TMK Energy (ASX:TMK), Audeara (ASX:AUA) and Inca Minerals (ASX:ICG).
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Dr James Fielding - CEO & Managing Director - Audeara (ASX:AUA) is a global hearing health leader specialised in innovative listening solutions for people with hearing challenges.
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James Fielding - CEO - Audeara is a hearing health technology company that uses a hearing profile algorithm to personalise sound output to the needs of the listener.
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Presenter - James Fielding - CEO - Audeara Limited is a technology company that has developed a hearing profile algorithm used to personalise sound output to the needs of the individual.
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Whilst the prevalence of Artificial intelligence has boosted the US tech sector, Australian tech stock valuations have largely been dampened amid rising interest rates, macroeconomic uncertainties and geopolitical tensions.
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19 Jul 2023 - Audeara Ltd (ASX: AUA) announced its impressive financial growth and international expansion in its Q4 FY23 Quarterly Activities Report. The Australian-based company, known for its innovative listening solutions for individuals with hearing challenges, achieved record-breaking quarterly revenue and made significant progress in expanding its global presence.
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Morgans increases its target price for Audeara to $0.29 from $0.22. The Speculative Buy rating is unchanged.
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Morgans initiates coverage on Audeara with a Speculative Buy rating and target price of $0.33.
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