Palladyne AI Corp (NASDAQ: PDYN) is 580.72% higher on its value in year-to-date trading and has touched a low of $0.45 and a high of $7.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PDYN stock was last observed hovering at around $3.59 in the last trading session, with the day’s gains setting it 1.35%.
Currently trading at $4.94, the stock is 9.94% and 56.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.23 million and changing 37.60% at the moment leaves the stock 132.96% off its SMA200. PDYN registered 715.61% gain for a year compared to 6-month gain of 212.74%. The firm has a 50-day simple moving average (SMA 50) of $3.0976 and a 200-day simple moving average (SMA200) of $2.104075.
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The stock witnessed a 6.74% loss in the last 1 month and extending the period to 3 months gives it a 169.78%, and is 38.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 29.54% over the week and 27.44% over the month.
Palladyne AI Corp (PDYN) has around 70 employees, a market worth around $204.70M and $7.77M in sales. Profit margin for the company is -722.22%. Distance from 52-week low is 997.29% and -37.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-166.97%).
The shares outstanding are 26.86M, and float is at 17.09M with Short Float at 6.92%.
Palladyne AI Corp (PDYN) Insider Activity
The most recent transaction is an insider purchase by WEIBLING DENNIS M, the company’s Director. SEC filings show that WEIBLING DENNIS M bought 215,053 shares of the company’s common stock on Oct 31 ’24 at a price of $2.20 per share for a total of $0.47 million. Following the purchase, the insider now owns 0.39 million shares.
Palladyne AI Corp disclosed in a document filed with the SEC on Oct 31 ’24 that Wolff Benjamin G (PRESIDENT & CEO) bought a total of 107,526 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $2.20 per share for $0.24 million. Following the transaction, the insider now directly holds 0.11 million shares of the PDYN stock.
Still, SEC filings show that on Jun 28 ’24, GARAGIC DENIS (CHIEF TECHNOLOGY OFFICER) acquired 1,000 shares at an average price of $1.55 for $1550.0. The insider now directly holds 553,743 shares of Palladyne AI Corp (PDYN).
