Palladyne AI Corp (NASDAQ: PDYN) is -26.32% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $14.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PDYN stock was last observed hovering at around $7.24 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $9.04, the stock is 24.07% and 83.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.64 million and changing 24.86% at the moment leaves the stock 248.46% off its SMA200. PDYN registered 1249.25% gain for a year compared to 6-month gain of 330.48%. The firm has a 50-day simple moving average (SMA 50) of $4.8026 and a 200-day simple moving average (SMA200) of $2.559.
The stock witnessed a 128.28% loss in the last 1 month and extending the period to 3 months gives it a 286.32%, and is -5.54% down 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 21.31% over the week and 28.42% over the month.
Palladyne AI Corp (PDYN) has around 70 employees, a market worth around $272.21M and $7.77M in sales. Profit margin for the company is -722.22%. Distance from 52-week low is 1908.00% and -39.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-166.97%).
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Palladyne AI Corp (PDYN) Top Institutional Holders
The shares outstanding are 26.86M, and float is at 19.07M with Short Float at 21.66%.
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).
