A new trading day began on Monday, with Palladyne AI Corp (NASDAQ: PDYN) stock price up 21.95% from the previous day of trading, before settling in for the closing price of $9.93. PDYN’s price has ranged from $0.46 to $14.95 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 28.95% annually for the last half of the decade. With a float of $19.06 million, this company’s outstanding shares have now reached $26.86 million.
In an organization with 70 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Palladyne AI Corp is 36.69%, while institutional ownership is 7.58%. 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) Latest Financial update
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
Here are Palladyne AI Corp’s current performance indicators. According to the last quarter’s results, the 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 46.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -1.01 in one year’s time.
Technical Analysis of Palladyne AI Corp (PDYN)
Let’s dig in a bit further. During the last 5-days, its volume was 6.39 million. That was inferior than the volume of 7.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.47%. Additionally, its Average True Range was 1.54.
During the past 100 days, Palladyne AI Corp’s (PDYN) raw stochastic average was set at 78.71%, which indicates a significant decrease from 94.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.06% in the past 14 days, which was lower than the 237.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.37, while its 200-day Moving Average is $3.23. However, in the short run, Palladyne AI Corp’s stock first resistance to watch stands at $12.92. Second resistance stands at $13.74. The third major resistance level sits at $15.07. If the price goes on to break the first support level at $10.77, it is likely to go to the next support level at $9.44. The third support level lies at $8.62 if the price breaches the second support level.
Palladyne AI Corp (NASDAQ: PDYN) Key Stats
With a market capitalization of 364.67 million, the company has a total of 30,112K Shares Outstanding. Currently, annual sales are 6,150 K while annual income is -115,590 K. The company’s previous quarter sales were 870 K while its latest quarter income was -7,100 K.
