Palladyne AI Corp (NASDAQ: PDYN) – Time For Strategy Change?

Palladyne AI Corp (NASDAQ:PDYN) currently has a daily average trading volume of 703.31K but it saw 2098229 shares traded in last market. With a market cap of 58.42M USD, the company’s current market price of $1.94 came rising about 7.78 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.50 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $1.88 while lowest mark touched by it was $2.35.

Taking a look at 20-day trading activity of Palladyne AI Corp (PDYN) gives us an average price of $2.0695, while its current price level is -44.57% below from 52-week high level whereas it is 330.92% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.0332 while that of 200 days or SMA-200 reads an average of $1.7389. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.33% during that period while stretching the period over a month that decreases to 12.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.71 which implies that the stock is in neutral territory.

Over the week, PDYN’s stock price is moving -6.28% down while it is -2.51% when we observe its performance for the past one month. Year-to-date it is 168.96% up and over the past year, the stock is showing an upside performance of 177.18%.

Currently, Palladyne AI Corp’s total number of outstanding shares is 25.88M. Company’s return on investment (ROI) stands at -166.97% and return on equity (ROE) at -112.73%. Stock’s beta reads 3.25. Stock has a price to book (P/B) ratio of 2.23 while price to sale or P/S ratio amounts to 7.52. Its return on asset (ROA) is -83.57% on average.