Palladyne AI Corp (NASDAQ:PDYN) does about 1.87M shares in volume on a normal day but saw 2832154 shares change hands in the recent trading day. The company now has a market cap of 309.28M USD. Its current market price is $1870000.0, marking an increase of 2832154% compared to the previous close of $8.91. The 52 week high reached by this stock is $14.95 whilst the lowest price level in 52 weeks is $1.38.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential downside of -12466566.67% 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 4.20%, 22.87%, and 52.93% away from its SMA20, SMA50, and SMA200 respectively, with the PDYN price moving above the 50-day SMA on current market day. Palladyne AI Corp (PDYN) stock is up 0.46% over the week and 16.24% over the past month. Its price is 397.70% year-to-date and -29.42% 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 $1.58M, which analysts say will come at $6.12M for the current fiscal year and next year at $12.32M. In addition, estimates put the company’s current quarterly revenue at an average of $1.43M.
To reach the target analysts have set, the stock logically needs to shrink -12466566.67 percent from here.
The company has a return on investment of -112.13% and return on equity of -136.41%. The forward price to earnings ratio is 4.16. The beta has a value of 3.80. Price to book ratio is 10.93 and price to sales ratio is 51.12.
