Palladyne AI Corp (NASDAQ:PDYN) price on current trading day, rose 11.41% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.15.
A look at the stock’s price movement, the close in the last trading session was $5.52, moving within a range at $5.28 and $6.3562. The beta value (5-Year monthly) was 3.779. Turning to its 52-week performance, $14.95 and $1.26 were the 52-week high and 52-week low respectively. Overall, PDYN moved 0.24% over the past month.
Palladyne AI Corp’s market cap currently stands at around $216.60 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 1.36M for the company’s revenue for the quarter, with a low and high estimate of 1.36M and 1.36M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.12M, representing a -21.46% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PDYN is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
PDYN’s current price about -7.44% and -18.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.45, while 7-day volatility ratio is 15.37% and 11.42% in the 30-day chart. Further, Palladyne AI Corp (PDYN) has a beta value of 3.41, and an average true range (ATR) of 0.87.
If we refocus on Palladyne AI Corp (NASDAQ:PDYN), historical trading data shows that trading volumes averaged 1.14 over the past 10 days and 4.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 33.88 million shares.
The 31.77% of Palladyne AI Corp’s shares are in the hands of company insiders while institutional holders own 7.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.21 million on 2025-03-14, giving us a short ratio of 1.05. The data shows that as of 2025-03-14 short interest in Palladyne AI Corp (PDYN) stood at 994.0 of shares outstanding, with shares short rising to 2.63 million registered in 2025-02-14. Current price change has pushed the stock -49.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PDYN stock continues to rise going into the next quarter.
