Palladyne AI Corp (NASDAQ:PDYN) does about 10.26M shares in volume on a normal day but saw 3330124 shares change hands in the recent trading day. The company now has a market cap of 266.19M USD. Its current market price is $8.84, marking a decrease of -5.15% compared to the previous close of $9.32. The 52 week high reached by this stock is $14.95 whilst the lowest price level in 52 weeks is $0.47.
Palladyne AI Corp (PDYN) has a 20-day trading average at $9.32 and the current price is -40.87% off the 52-week high compared with 1768.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.75 and its 200-day simple moving average is $3.45. If we look at the stock’s price movements over the week, volatility stands at 13.67%, which increases to 14.69% 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 49.21 to suggest the stock is neutral.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 41.07% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 27, 2025 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $15.
The current price level is -5.12%, 14.02%, and 156.49% 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 down -27.00% over the week and -3.39% over the past month. Its price is -27.95% year-to-date and 1689.47% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $1.36M, which analysts say will come at $8.35M for the current fiscal year and next year at $6.12M. In addition, estimates put the company’s current quarterly revenue at an average of $1.32M.
To reach the target analysts have set, the stock logically needs to grow 41.07 percent from here.
Outstanding shares total 26.86M with insiders holding 37.73% of the shares and institutional holders owning 14.73% 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 3.83. Price to book ratio is 10.14 and price to sales ratio is 34.26.
