Updated
Updated · CNN · Jul 14
AZIO Shares Drop 5.84% to $1.78, Extending $0.11 Slide Since Last Close
Updated
Updated · CNN · Jul 14

AZIO Shares Drop 5.84% to $1.78, Extending $0.11 Slide Since Last Close

1 articles · Updated · CNN · Jul 14

Summary

  • $1.78 marked AZIO's opening price, down $0.10 from the previous close and leaving the stock off $0.11, or 5.84%, from its last close.
  • The move still leaves AZIO trading in the middle of its 52-week range and above its 200-day simple moving average.
  • AZIO's market capitalization stands at $24.31 million, keeping the software company in micro-cap territory.
  • Financially, AZIO reported $5.94 million in annual revenue and $2.25 million in Q1 revenue, while net income remained negative at $39.13 million for the year and $3.99 million for the quarter.

Insights

Why is AZIO’s market cap just $24M after a $750M merger and major AI pivot?
From electric vehicles to AI, is AZIO's dramatic rebrand a visionary move or a desperate gamble?