Auddia (AUUD) stock underwent a massive rally on Thursday after the software products company announced a new patent that was approved by the U.S. Patent and Trademark Office. The approval was for LT350, the company’s proprietary canopy-based deployment architecture that allows for high-density AI compute to be installed in the unused airspace above existing parking lots.
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Auddia noted that this is the 14th patent related to LT350 that has been approved by the U.S. Patent and Trademark Office. The company noted that the LT350 business is one of three the company would operate under its planned merger with Thramann Holdings.
Jeff Thramann, CEO of Auddia and founder of LT350, said, “Our IP portfolio is the foundation of LT350’s competitive advantage. It protects a deployment model that solves the biggest constraints in AI infrastructure — land, power, cooling, and community compatibility — while also enabling mobility, logistics, and robotics workloads that hyperscale datacenters cannot optimally support.”
Auddia Stock Movement Today
Auddia stock was up 74.94% in pre-market trading on Thursday, following an 8.29% fall yesterday. The shares have also decreased 48.17% year-to-date and 85.47% over the past 12 months.
With today’s news came heavy trading of AUUD stock, as more than 27 million shares changed hands. For comparison, the company’s three-month average daily trading volume is about 1.39 million shares.
Is Auddia Stock a Buy, Sell, or Hold?
Turning to Wall Street, traditional analyst coverage of Auddia is lacking. Instead, investors can check out the TipRanks technical analysis tool to gain further insight into the company. The Overall Consensus for AUUD is Sell, based on 10 Bearish, six Neutral, and six Buy indicators.
