Palladyne AI Corp (NASDAQ: PDYN): Think Like A Lender, Not An Investor

Palladyne AI Corp (NASDAQ:PDYN) currently has a daily average trading volume of 7.09M but it saw 9563829 shares traded in last market. With a market cap of 340.61M USD, the company’s current market price of $12.27 came falling about -7.81 while comparing to the previous closing price of $13.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.95 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $10.78 while lowest mark touched by it was $12.92.

Taking a look at 20-day trading activity of Palladyne AI Corp (PDYN) gives us an average price of $5.48, while its current price level is -17.93% below from 52-week high level whereas it is 2625.46% 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 $3.86 while that of 200 days or SMA-200 reads an average of $2.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 44.18% during that period while stretching the period over a month that decreases to 28.01%. 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 76.59 which implies that the stock is in overbought territory.

Over the week, PDYN’s stock price is moving 241.78% up while it is 89.94% when we observe its performance for the past one month. Year-to-date it is 1601.10% up and over the past year, the stock is showing an upside performance of 1601.10%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Palladyne AI Corp’s total number of outstanding shares is 26.86M. Company’s return on investment (ROI) stands at -166.97% and return on equity (ROE) at -112.73%. Stock’s beta reads 3.90. Stock has a price to book (P/B) ratio of 14.07 while price to sale or P/S ratio amounts to 43.84. Its return on asset (ROA) is -83.57% on average.