Palladyne AI Corp (NASDAQ:PDYN) price closed higher on Friday, November 29, and jumping 21.20% above its previous close.
A look at the daily price movement shows that the last close reads $5.33, with intraday deals fluctuated between $5.42 and $6.48. The company’s 5Y monthly beta was ticking 3.301. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.37 and 52-week low of $0.45. The stock added 189.69% on its value in the past month.
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Palladyne AI Corp, which has a market valuation of $235.77 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PDYN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that PDYN’s price is at present 120.25% off the SMA20 and 167.25% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.28, with weekly volatility standing at 59.81%. The indicator jumps to 25.17% when calculated based on the past 30 days. Palladyne AI Corp (NASDAQ:PDYN)’s beta value is holding at 3.93, while the average true range (ATR) indicator is currently reading 0.88.
An analysis of the Palladyne AI Corp (NASDAQ:PDYN) stock in terms of its daily trading volume indicates that the 3-month average is 3.20 million. However, this figure increases on the past 10-day timeline to an average of 16.13 million.
Current records show that the company has 25.88M in outstanding shares. The insiders’ percentage holdings are 48.58% of outstanding shares while the percentage share held by institutions stands at 7.55%. The stats also highlight that short interest as of 2024-10-31, stood at 0.53 million shares, which puts the short ratio at the time at 0.34. From this we can glean that short interest is 221.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 0.21 million. But the 795.61% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
