Palladyne AI Corp (PDYN) kicked off at the price of $5.92: Venture capitalists have an exciting new opportunity

Palladyne AI Corp (NASDAQ: PDYN) kicked off on Monday, down -8.36% from the previous trading day, before settling in for the closing price of $6.46. Over the past 52 weeks, PDYN has traded in a range of $0.45-$7.37.

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Technology Sector giant saw their annual sales surged by 28.95% over the last five years. With a float of $15.49 million, this company’s outstanding shares have now reached $26.86 million.

The firm has a total of 70 workers. Let’s measure their productivity. In terms of profitability, gross margin is 48.22%, operating margin of -739.92%, and the pretax margin is -722.13%.

Palladyne AI Corp (PDYN) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Palladyne AI Corp is 48.58%, while institutional ownership is 7.55%. The most recent insider transaction that took place on Oct 31 ’24, was worth 473,117. In this transaction Director of this company bought 215,053 shares at a rate of $2.20, taking the stock ownership to the 389,884 shares. Before that another transaction happened on Oct 31 ’24, when Company’s PRESIDENT & CEO bought 107,526 for $2.20, making the entire transaction worth $236,557. This insider now owns 107,526 shares in total.

Palladyne AI Corp (PDYN) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/30/2023, the organization reported -0.72 earnings per share (EPS), higher than consensus estimate (set at -0.88) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

Palladyne AI Corp (NASDAQ: PDYN) Trading Performance Indicators

Take a look at Palladyne AI Corp’s (PDYN) current performance indicators. Last quarter, stock had a quick ratio of 5.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 22.94.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16

Technical Analysis of Palladyne AI Corp (PDYN)

Analysing the last 5-days average volume posted by the [Palladyne AI Corp, PDYN], we can find that recorded value of 15.26 million was better than the volume posted last year of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 71.77%. Additionally, its Average True Range was 0.98.

During the past 100 days, Palladyne AI Corp’s (PDYN) raw stochastic average was set at 69.31%, which indicates a significant increase from 67.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 431.77% in the past 14 days, which was higher than the 197.86% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.49, while its 200-day Moving Average is $1.90. Now, the first resistance to watch is $7.36. This is followed by the second major resistance level at $8.79. The third major resistance level sits at $9.66. If the price goes on to break the first support level at $5.06, it is likely to go to the next support level at $4.19. Now, if the price goes above the second support level, the third support stands at $2.76.

Palladyne AI Corp (NASDAQ: PDYN) Key Stats

The company with the Market Capitalisation of 178.27 million has total of 30,112K Shares Outstanding. Its annual sales at the moment are 6,150 K in contrast with the sum of -115,590 K annual income. Company’s last quarter sales were recorded 870 K and last quarter income was -7,100 K.