Palladyne AI Corp (NASDAQ:PDYN) does about 2.11M shares in volume on a normal day but saw 17442880 shares change hands in the recent trading day. The company now has a market cap of 305.44M USD. Its current market price is $4.41, marking a decrease of -4.13% compared to the previous close of $4.60. The 52 week high reached by this stock is $5.05 whilst the lowest price level in 52 weeks is $0.45.
Palladyne AI Corp (PDYN) has a 20-day trading average at $2.29 and the current price is -12.67% off the 52-week high compared with 879.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.14 and its 200-day simple moving average is $1.79. If we look at the stock’s price movements over the week, volatility stands at 49.75%, which decreases to 20.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 78.65 to suggest the stock is overbought.
The consensus objective for the share price is $1.00, suggesting that the stock has a potential downside of -341.0% over the period.
The current price level is 92.24%, 105.71%, and 146.86% away from its SMA20, SMA50, and SMA200 respectively, with the PDYN price moving below the 50-day SMA on current market day. Palladyne AI Corp (PDYN) stock is up 147.75% over the week and 96.87% over the past month. Its price is 511.40% year-to-date and 548.34% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -341.0 percent from here.
Outstanding shares total 25.88M with insiders holding 51.13% of the shares and institutional holders owning 9.24% of the company’s common stock. The company has a return on investment of -166.97% and return on equity of -112.73%. The beta has a value of 3.73. Price to book ratio is 5.06 and price to sales ratio is 39.31.
