Is Palladyne AI Corp (PDYN) positioned for future growth?

With 5.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.6 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $9.6403 whereas the lowest price it dropped to was $8.111. The 52-week range on PDYN shows that it touched its highest point at $14.95 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $1.00. Beta for the stock currently stands at 3.89.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PDYN was down-trending over the past week, with a drop of -38.09%, but this was up by 76.07% over a month. Three-month performance surged to 338.30% while six-month performance rose 322.56%. The stock gained 1113.55% in the past year, while it has lost -32.84% so far this year.

Float and Shares Shorts:

At present, 26.86 million PDYN shares are outstanding with a float of 18.94 million shares on hand for trading. On 2024-10-31, short shares totaled 0.53 million, which was 197.0 higher than short shares on 1727654400. In addition to Ms. Laura J. Peterson as the firm’s Executive Vice Chairman, Dr. Denis Garagic serves as its Co- Founder & CTO.

Institutional Ownership:

Through their ownership of 0.09238 of PDYN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PDYN reported revenue of $871000.0 and operating income of -$7486000.0. The EBITDA in the recently reported quarter was -$7422000.0 and diluted EPS was -$0.27.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of -$0.87 being high and -$0.87 being low. For PDYN, this leads to a yearly average estimate of -$0.87.