The trading price of Palladyne AI Corp. (NASDAQ:PDYN) floating higher at last check on current market day and closing at $2.89, 5.09% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.65 and $3.5. In examining the 52-week price action we see that the stock hit a 52-week high of $3.25 and a 52-week low of $0.40. Over the past month, the stock has gained 82.91% in value.
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Palladyne AI Corp., whose market valuation is $77.45 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 746k for the current quarter, with the likely lows of 1M and highs of 1M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 6.15M.
On the technical side, indicators suggest PDYN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that PDYN’s price is currently 49.74% off the SMA20 and 64.47% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.66, and weekly volatility stands at 21.30%. When measured over the past 30 days, the indicator reaches 14.14%. Palladyne AI Corp. (NASDAQ:PDYN)’s beta value is currently sitting at 3.27, while the Average True Range indicator is currently displaying 0.30.
To see how Palladyne AI Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: PDYN stock’s performance was 5.09% at last check in today’s session, and 287.56% in the past year.
An evaluation of the daily trading volume of Palladyne AI Corp. (NASDAQ:PDYN) indicates that the 3-month average is 427.37K. However, this figure has increased over the past 10 days to an average of 2.22.
Currently, records show that 25.88 million of the company’s shares remain outstanding. The insiders hold 46.98% of outstanding shares, whereas institutions hold 9.58%. The stats also highlight that short interest as of 2024-09-13, stood at 0.21 million shares, resulting in a short ratio of 2.12 at that time. From this, we can conclude that short interest is 90.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 0.28 million. However, since the stock’s price has seen 300.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
